Jefferies Financial Group reaffirmed their buy rating on shares of Forterra (LON:FORT – Free Report) in a research report released on Thursday,Digital Look reports. The brokerage currently has a GBX 181 price target on the stock.
FORT has been the subject of a number of other research reports. Royal Bank Of Canada lowered their target price on Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Berenberg Bank restated a “hold” rating and issued a GBX 150 price target on shares of Forterra in a report on Wednesday. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 250 price target on shares of Forterra in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 190.25.
Check Out Our Latest Stock Analysis on FORT
Forterra Trading Down 2.0%
Shares of LON:FORT opened at GBX 153.80 on Thursday. The firm has a market cap of £304.42 million, a price-to-earnings ratio of 16.90, a PEG ratio of 0.30 and a beta of 0.73. Forterra has a 12 month low of GBX 126.40 and a 12 month high of GBX 200. The company’s fifty day simple moving average is GBX 151.33 and its 200 day simple moving average is GBX 153.25. 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 other Forterra news, insider Gavin Hill acquired 28,944 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were acquired at an average price of GBX 138 per share, with a total value of £39,942.72. Also, insider Gina Jardine bought 13,313 shares of Forterra stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of GBX 138 per share, with a total value of £18,371.94. Insiders have acquired a total of 47,257 shares of company stock valued at $6,621,466 over the last 90 days. 0.50% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Forterra
- Applied Materials Beats and Raises, But Investors Stay Unconvinced
- Is It Too Late to Buy the Dip? 3 Corners of the Market Still Offering Real Value
- Why Equinix and Digital Realty Benefit From Data Center Zoning Battles
- 3 GARP Plays That Could Offer a Better Balance as Markets Turn Volatile
Receive News & Ratings for Forterra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra and related companies with MarketBeat.com's FREE daily email newsletter.
