Forterra (FORT) Hits New 12-Month Low at $210.00
Forterra PLC (LON:FORT) hit a new 52-week low on Tuesday . The company traded as low as GBX 210 ($2.74) and last traded at GBX 212.50 ($2.78), with a volume of 272880 shares changing hands. The stock had previously closed at GBX 215 ($2.81).
A number of brokerages have weighed in on FORT. Numis Securities reaffirmed an “add” rating on shares of Forterra in a research report on Monday, July 30th. Peel Hunt reissued a “buy” rating on shares of Forterra in a research report on Monday, July 30th. Deutsche Bank reissued a “buy” rating on shares of Forterra in a research report on Monday, August 6th. Finally, Berenberg Bank reduced their price target on Forterra from GBX 350 ($4.57) to GBX 300 ($3.92) and set a “buy” rating for the company in a research report on Tuesday, November 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Forterra has an average rating of “Buy” and an average target price of GBX 345 ($4.51).
In related news, insider Stephen Harrison purchased 450 shares of Forterra stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of GBX 214 ($2.80) per share, with a total value of £963 ($1,258.33). Also, insider Shatish D. Dasani purchased 1,300 shares of Forterra stock in a transaction dated Friday, November 16th. The stock was bought at an average cost of GBX 220 ($2.87) per share, with a total value of £2,860 ($3,737.10).
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Forterra plc manufactures and sells masonry products in the United Kingdom. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete, concrete block paving, and chimney and roofing solutions, as well as precast concrete flooring products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.
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