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

Berenberg Bank reaffirmed their hold rating on shares of Forterra (LON:FORT) in a research note published on Wednesday,Digital Look reports. The firm currently has a GBX 150 price target on the stock.

A number of other research analysts have also issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada cut their price target 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 issued a GBX 250 price objective on shares of Forterra in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 190.25.

Forterra Stock Down 2.0%

FORT stock opened at GBX 153.80 on Wednesday. Forterra has a one year low of GBX 126.40 and a one year high of GBX 200. The stock has a market capitalization of £304.42 million, a PE ratio of 16.90, 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 quick ratio of 0.82 and a current ratio of 1.57. The company has a fifty day moving average of GBX 151.33 and a 200-day moving average of GBX 153.25.

Insider Buying and Selling

In other Forterra news, insider Aysegul Sabanci acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average price of GBX 158 per share, with a total value of £7,900. Also, insider Gavin Hill acquired 28,944 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was acquired at an average price of GBX 138 per share, with a total value of £39,942.72. Insiders have acquired 47,257 shares of company stock valued at $6,621,466 over the last quarter. Company insiders own 0.50% of the company’s stock.

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.