Forterra (LON:FORT) Stock: Insider Aysegul Sabanci Buys 5,000 Shares

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

Forterra Price Performance

Forterra stock opened at GBX 157 on Wednesday. The firm has a market cap of £315.78 million, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The company has a debt-to-equity ratio of 43.78, a current ratio of 1.57 and a quick ratio of 0.82. The stock’s fifty day moving average price is GBX 142.10 and its two-hundred day moving average price is GBX 145.62. Forterra plc has a one year low of GBX 126.40 and a one year high of GBX 200.

Forterra (LON:FORT) last released its 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%. As a group, research analysts expect that Forterra plc will post 11.9888346 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FORT shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 250 target price on shares of Forterra in a research report on Wednesday, July 29th. Berenberg Bank reiterated a “hold” rating and issued a GBX 170 price target on shares of Forterra in a research note on Wednesday, July 29th. Royal Bank Of Canada lowered their price target on Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Finally, Jefferies Financial Group upped their price objective on Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.