Forterra (LON:FORT) Insider Acquires £33,250 in Stock

Forterra plc (LON:FORT) insider Nigel Lingwood bought 25,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of GBX 133 per share, with a total value of £33,250.

Forterra Trading Down 0.3%

Shares of LON:FORT opened at GBX 130.80 on Tuesday. The firm has a fifty day moving average of GBX 150.23 and a two-hundred day moving average of GBX 168.49. The firm has a market capitalization of £270.04 million, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. Forterra plc has a 12-month low of GBX 126.40 and a 12-month high of GBX 215. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FORT. Berenberg Bank decreased their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 204 target price on shares of Forterra in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada decreased their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 209.83.

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.