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

Forterra (LON:FORT)‘s stock had its “hold” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 150 target price on the stock. Berenberg Bank‘s target price indicates a potential downside of 4.09% from the stock’s previous close.

Several other equities analysts have also recently issued reports on FORT. Royal Bank Of Canada reduced their price objective on Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 250 target price on shares of Forterra in a report on Wednesday, July 29th. Finally, Jefferies Financial Group raised their price target on Forterra from GBX 160 to GBX 181 and gave the company a “buy” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.25.

Forterra Price Performance

Shares of LON:FORT opened at GBX 156.40 on Wednesday. The business’s 50 day simple moving average is GBX 150.34 and its 200-day simple moving average is GBX 153.59. The firm has a market capitalization of £309.57 million, a price-to-earnings ratio of 17.19, 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. Forterra has a 12 month low of GBX 126.40 and a 12 month high of GBX 200.

Insider Activity at Forterra

In other news, insider Gina Jardine bought 13,313 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average price of GBX 138 per share, for a total transaction of £18,371.94. Also, insider Aysegul Sabanci bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average price of GBX 158 per share, for a total transaction of £7,900. Over the last 90 days, insiders have bought 47,257 shares of company stock valued at $6,621,466. Company insiders own 0.50% of the company’s stock.

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.