Forterra’s (FORT) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Forterra (LON:FORT) in a research report released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 170 price objective on the stock.

FORT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 204 price target on shares of Forterra in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their price target on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 198.

Forterra Stock Performance

LON FORT opened at GBX 139.60 on Wednesday. The company has a market cap of £286.31 million, a P/E ratio of 17.45, a P/E/G ratio of 0.30 and a beta of 0.73. The company has a debt-to-equity ratio of 43.78, a quick ratio of 0.82 and a current ratio of 1.57. The business’s 50 day moving average price is GBX 135.32 and its 200-day moving average price is GBX 157.23. Forterra has a fifty-two week low of GBX 126.40 and a fifty-two week high of GBX 206.

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

Insiders Place Their Bets

In other Forterra news, insider Neil Ash bought 17,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of GBX 132 per share, for a total transaction of £23,100. Also, insider Nigel Lingwood bought 25,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of GBX 133 per share, with a total value of £33,250. In the last 90 days, insiders have purchased 54,000 shares of company stock valued at $7,164,500. 0.46% of the stock is owned by company insiders.

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.