Gavin Hill Purchases 28,944 Shares of Forterra (LON:FORT) Stock

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

Forterra Trading Up 0.3%

LON:FORT opened at GBX 138.80 on Thursday. Forterra plc has a 1-year low of GBX 126.40 and a 1-year high of GBX 200. The business’s 50-day moving average price is GBX 141.09 and its two-hundred day moving average price is GBX 146.10. 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 firm has a market capitalization of £279.17 million, a price-to-earnings ratio of 15.25, a PEG ratio of 0.30 and a beta of 0.73.

Forterra (LON:FORT) last posted its earnings results 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, equities analysts expect that Forterra plc will post 11.9888346 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group increased their target price on shares of Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a report on Monday, August 10th. Berenberg Bank reissued a “hold” rating and set a GBX 170 price target on shares of Forterra in a research report on Wednesday, July 29th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 202.20.

Forterra Company Profile

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.