Forterra (LON:FORT) Trading 1.4% Higher – Should You Buy?

Forterra plc (LON:FORT) was up 1.4% on Monday . The company traded as high as GBX 186.80 and last traded at GBX 186. Approximately 156,581 shares changed hands during trading, a decline of 81% from the average daily volume of 834,678 shares. The stock had previously closed at GBX 183.40.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FORT shares. Royal Bank Of Canada decreased their target price on shares of Forterra from GBX 250 to GBX 220 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. Jefferies Financial Group reduced their price target on shares of Forterra from GBX 261 to GBX 208 and set a “buy” rating for the company in a research note on Monday, October 20th. Peel Hunt reiterated an “add” rating and issued a GBX 230 price objective on shares of Forterra in a report on Tuesday, November 11th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 220 target price on shares of Forterra in a report on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Forterra has a consensus rating of “Moderate Buy” and a consensus price target of GBX 234.67.

Forterra Stock Down 0.2%

The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The stock has a market capitalization of £391.03 million, a P/E ratio of 25.05, a PEG ratio of 0.30 and a beta of 1.25. The stock’s fifty day moving average is GBX 181.12 and its two-hundred day moving average is GBX 187.30.

Insider Activity

In related news, insider Nigel Lingwood bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average cost of GBX 180 per share, for a total transaction of £90,000. 0.45% of the stock is owned by insiders.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.