Forterra (LON:FORT) Given “Buy” Rating at Jefferies Financial Group

Forterra (LON:FORT)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 160 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 15.27% from the company’s current price.

FORT has been the topic of several other research reports. Berenberg Bank restated a “hold” rating and set a GBX 170 target price on shares of Forterra in a report on Wednesday. Royal Bank Of Canada decreased their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Forterra has a consensus rating of “Moderate Buy” and a consensus target price of GBX 200.

Forterra Stock Up 0.6%

Shares of FORT opened at GBX 138.80 on Wednesday. The company has a market capitalization of £284.67 million, a P/E ratio of 17.35, a PEG ratio of 0.30 and a beta of 0.73. Forterra has a one year low of GBX 126.40 and a one year high of GBX 210. The business’s 50 day simple moving average is GBX 135.32 and its 200-day simple moving average is GBX 158.02. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

Forterra (LON:FORT) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 4.10 earnings per share for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. As a group, sell-side analysts predict that Forterra will post 11.9888346 EPS for the current fiscal year.

Insider Activity

In other news, insider Nigel Lingwood purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of GBX 133 per share, for a total transaction of £33,250. Also, insider Neil Ash acquired 17,500 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of GBX 132 per share, with a total value of £23,100. In the last quarter, insiders purchased 54,000 shares of company stock worth $7,164,500. 0.46% of the stock is owned by company insiders.

About Forterra

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.