Forterra’s (FORT) “Buy” Rating Reiterated at Jefferies Financial Group

Forterra (LON:FORT)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 181 price objective on the stock. Jefferies Financial Group‘s price objective suggests a potential upside of 15.29% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 150 price target on shares of Forterra in a research report on Wednesday. Royal Bank Of Canada cut 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. Finally, Deutsche Bank restated a “buy” rating and set a GBX 250 target price on shares of Forterra in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.25.

Forterra Stock Performance

Shares of FORT traded down GBX 1.20 during midday trading on Thursday, reaching GBX 157. 395,383 shares of the stock were exchanged, compared to its average volume of 1,649,365. The stock’s 50 day simple moving average is GBX 150.68 and its 200 day simple moving average is GBX 153.49. The company has a market cap of £310.76 million, a P/E ratio of 17.25, a PEG ratio of 0.30 and a beta of 0.73. Forterra has a twelve month low of GBX 126.40 and a twelve month high of GBX 200. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 43.78.

Insider Transactions at Forterra

In related news, insider Gina Jardine purchased 13,313 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of GBX 138 per share, with a total value of £18,371.94. Also, insider Aysegul Sabanci purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average cost of GBX 158 per share, with a total value of £7,900. In the last three months, insiders have purchased 47,257 shares of company stock valued at $6,621,466. 0.50% of the stock is owned by corporate 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.