Forterra PLC (FORT) Stock Rating Reaffirmed by Numis Securities Ltd
Forterra PLC (LON:FORT)‘s stock had its “buy” rating reiterated by stock analysts at Numis Securities Ltd in a report released on Monday. They currently have a GBX 225 ($2.81) target price on the stock. Numis Securities Ltd’s price target indicates a potential upside of 25.00% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Peel Hunt started coverage on shares of Forterra PLC in a research note on Tuesday, October 18th. They set a “buy” rating and a GBX 220 ($2.75) price target on the stock. Deutsche Bank AG reissued a “buy” rating and set a GBX 198 ($2.47) price objective on shares of Forterra PLC in a research report on Friday, September 16th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 195 ($2.44) price objective on shares of Forterra PLC in a research report on Friday, September 9th. Finally, Davy Research reissued a “neutral” rating on shares of Forterra PLC in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Forterra PLC currently has an average rating of “Buy” and an average price target of GBX 216.40 ($2.70).
Forterra PLC (LON:FORT) opened at 182.625 on Monday. Forterra PLC has a 52-week low of GBX 110.00 and a 52-week high of GBX 190.00. The company’s 50 day moving average is GBX 176.28 and its 200 day moving average is GBX 160.73. The firm’s market cap is GBX 365.98 million.
In other Forterra PLC news, insider Harrison,Stephen acquired 3,000 shares of the stock in a transaction on Thursday, September 8th. The shares were bought at an average cost of GBX 166 ($2.07) per share, with a total value of £4,980 ($6,221.89).
Forterra PLC Company Profile
Forterra plc is a United Kingdom-based producer of manufactured masonry products. The Company offers clay bricks, aircrete blocks and concrete blocks. It offers Fletton brick under the London Brick brand. It offers a range of building products, including engineered precast concrete flooring. It operates approximately nine brick manufacturing facilities in the United Kingdom with a total production capacity of approximately 570 million bricks per annum.
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