Forterra (LON:FORT) Price Target Raised to GBX 181

Forterra (LON:FORT) had its price objective upped by equities research analysts at Jefferies Financial Group from GBX 160 to GBX 181 in a report released on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 20.99% from the company’s current price.

A number of other analysts have also issued reports on FORT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 250 price target on shares of Forterra in a research report on Wednesday, July 29th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 price objective on shares of Forterra in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 202.20.

Forterra Stock Up 0.6%

LON:FORT opened at GBX 149.60 on Monday. The business’s fifty day moving average price is GBX 136.03 and its 200 day moving average price is GBX 155.98. The firm has a market capitalization of £302.08 million, a price-to-earnings ratio of 16.44, a PEG ratio of 0.30 and a beta of 0.73. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 43.78. Forterra has a 1-year low of GBX 126.40 and a 1-year high of GBX 200.

Forterra (LON:FORT) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 5.10 EPS for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. On average, sell-side analysts forecast that Forterra will post 11.9888346 earnings per share for the current fiscal year.

Insider Transactions at Forterra

In other news, insider Neil Ash bought 17,500 shares of the stock in a transaction on Friday, June 12th. The shares were purchased at an average price of GBX 132 per share, for a total transaction of £23,100. Also, insider Nigel Lingwood bought 25,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of GBX 133 per share, for a total transaction of £33,250. Insiders acquired 54,000 shares of company stock worth $7,164,500 in the last 90 days. Corporate insiders own 0.47% 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.