Forterra (LON:FORT) Insider Nigel Lingwood Purchases 25,000 Shares

Forterra plc (LON:FORT) insider Nigel Lingwood acquired 25,000 shares of Forterra stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of GBX 133 per share, with a total value of £33,250.

Forterra Stock Down 0.3%

FORT stock opened at GBX 130.80 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. Forterra plc has a 1 year low of GBX 126.40 and a 1 year high of GBX 215. The company has a fifty day simple moving average of GBX 150.23 and a 200 day simple moving average of GBX 168.49. The firm has a market cap of £270.04 million, a PE ratio of 16.35, a PEG ratio of 0.30 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Berenberg Bank reduced their price objective on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 204 price objective on shares of Forterra in a research note on Wednesday, May 20th. Royal Bank Of Canada reduced their price objective on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 209.83.

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.