Forterra plc (LON:FORT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Forterra plc (LON:FORT) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 209.83.

Several brokerages recently commented on FORT. Berenberg Bank dropped their price target on Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Royal Bank Of Canada lowered their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th.

Forterra Price Performance

Shares of Forterra stock opened at GBX 133.80 on Tuesday. The stock has a market capitalization of £274.42 million, a P/E ratio of 16.73, a PEG ratio of 0.30 and a beta of 0.73. The business has a 50 day simple moving average of GBX 136.89 and a two-hundred day simple moving average of GBX 160.14. Forterra has a 12 month low of GBX 126.40 and a 12 month high of GBX 215. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

Insider Buying and Selling at Forterra

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

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.