Insider Buying: Forterra (LON:FORT) Insider Purchases 13,313 Shares of Stock

Forterra plc (LON:FORT) insider Gina Jardine acquired 13,313 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of GBX 138 per share, for a total transaction of £18,371.94.

Forterra Price Performance

LON:FORT traded up GBX 2.20 during mid-day trading on Tuesday, hitting GBX 139. 322,523 shares of the company’s stock traded hands, compared to its average volume of 1,464,538. 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 firm’s 50 day simple moving average is GBX 140.95 and its 200 day simple moving average is GBX 146.64. Forterra plc has a 1 year low of GBX 126.40 and a 1 year high of GBX 200. The company has a market cap of £279.57 million, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73.

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

Analyst Ratings Changes

FORT has been the topic of a number of analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 170 target price on shares of Forterra in a report on Wednesday, July 29th. Jefferies Financial Group boosted their price target on Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada decreased their price objective on Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 250 target price on shares of Forterra in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 202.20.

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.