Forterra plc (LON:FORT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Forterra plc (LON:FORT) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 209.83.

A number of brokerages have issued reports on FORT. Berenberg Bank lowered their target price on Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 204 target price on shares of Forterra in a report on Wednesday, May 20th. Royal Bank Of Canada lowered their target price on Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research report on Wednesday, May 20th.

Insider Activity at Forterra

In related news, insider Neil Ash purchased 11,500 shares of Forterra stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of GBX 133 per share, for a total transaction of £15,295. Also, insider Nigel Lingwood purchased 25,000 shares of Forterra stock in a transaction on Friday, June 12th. The stock was bought at an average price of GBX 133 per share, with a total value of £33,250. Insiders have purchased 54,000 shares of company stock valued at $7,164,500 in the last ninety days. 0.45% of the stock is currently owned by insiders.

Forterra Price Performance

Forterra stock opened at GBX 136.80 on Friday. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46. Forterra has a 52 week low of GBX 126.40 and a 52 week high of GBX 215. The stock has a market capitalization of £282.43 million, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The stock has a fifty day moving average of GBX 145.44 and a 200-day moving average of GBX 165.67.

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.