Brokerages Set Forterra PLC (FORT) PT at $216.40
Shares of Forterra PLC (LON:FORT) have been given an average recommendation of “Buy” by the six research firms that are presently covering the stock. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 216.40 ($2.70).
Several analysts have recently issued reports on FORT shares. Deutsche Bank AG lowered their price objective on shares of Forterra PLC from GBX 250 ($3.12) to GBX 213 ($2.66) and set a “buy” rating for the company in a research note on Tuesday, July 26th. 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 note on Friday, September 9th. Numis Securities Ltd started coverage on shares of Forterra PLC in a research note on Tuesday, September 13th. They set a “buy” rating and a GBX 225 ($2.81) price objective for the company. 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 objective for the company. Finally, Davy Research reissued a “neutral” rating on shares of Forterra PLC in a research note on Thursday, November 17th.
In other Forterra PLC news, insider Harrison,Stephen purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average cost of GBX 166 ($2.07) per share, with a total value of £4,980 ($6,221.89).
Shares of Forterra PLC (LON:FORT) opened at 184.50 on Thursday. Forterra PLC has a 52-week low of GBX 110.00 and a 52-week high of GBX 190.00. The stock’s 50 day moving average price is GBX 176.94 and its 200-day moving average price is GBX 160.78. The firm’s market cap is GBX 369.74 million.
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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