Forterra (LON:FORT) Insider Gavin Hill Acquires 28,944 Shares

Forterra plc (LON:FORT) insider Gavin Hill bought 28,944 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was acquired at an average cost of GBX 138 per share, with a total value of £39,942.72.

Forterra Stock Performance

Shares of FORT stock opened at GBX 138.40 on Wednesday. The company has a market capitalization of £278.37 million, a price-to-earnings ratio of 15.21, a P/E/G ratio of 0.30 and a beta of 0.73. Forterra plc has a 1-year low of GBX 126.40 and a 1-year high of GBX 200. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 43.78. The stock’s fifty day simple moving average is GBX 141.05 and its 200-day simple moving average is GBX 146.37.

Forterra (LON:FORT) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 5.10 earnings per share (EPS) for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. On average, sell-side analysts predict that Forterra plc will post 11.9888346 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FORT shares. Jefferies Financial Group increased their price target on shares of Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a research report on Monday, August 10th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 price objective on shares of Forterra in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 250 target price on shares of Forterra in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Forterra has an average rating of “Moderate Buy” and an average price target of GBX 202.20.

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.