Forterra (LON:FORT) Insider Acquires £7,900 in Stock

Forterra plc (LON:FORT) insider Aysegul Sabanci purchased 5,000 shares of Forterra stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average cost of GBX 158 per share, with a total value of £7,900.

Forterra Stock Performance

Shares of FORT stock opened at GBX 156 on Thursday. The company has a market capitalization of £313.77 million, a P/E ratio of 17.14, a P/E/G ratio of 0.30 and a beta of 0.73. The business’s 50 day moving average is GBX 142.48 and its two-hundred day moving average is GBX 145.56. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 43.78. Forterra plc has a 12-month low of GBX 126.40 and a 12-month high of GBX 200.

Forterra (LON:FORT) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 5.10 EPS for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. Analysts expect that Forterra plc will post 11.9888346 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on FORT shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 250 price target on shares of Forterra in a report on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Berenberg Bank reissued a “hold” rating and set a GBX 170 target price on shares of Forterra in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group upped 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.