Key Points
- Insider purchase: Forterra insider Gina Jardine bought 13,313 shares at GBX 138 each, for a total investment of approximately £18,372.
- Stock performance and fundamentals: Shares opened at GBX 138.40, near the lower end of their 12-month range of GBX 126.40 to GBX 200. The company reported quarterly EPS of GBX 5.10, with a 5.09% net margin and 7.98% return on equity.
- Analyst view: Forterra has a “Moderate Buy” consensus rating, with four Buy ratings and one Hold; the average analyst price target is GBX 202.20.
Forterra plc (LON:FORT - Get Free Report) insider Gina Jardine bought 13,313 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average cost of GBX 138 per share, with a total value of £18,371.94.
Forterra Price Performance
LON:FORT opened at GBX 138.40 on Wednesday. Forterra plc has a 12-month low of GBX 126.40 and a 12-month high of GBX 200. The firm has a market cap of £278.37 million, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The company's 50-day moving average is GBX 141.05 and its two-hundred day moving average is GBX 146.37. 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 (LON:FORT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 5.10 EPS for the quarter. Forterra had a net margin of 5.09% and a return on equity of 7.98%. Research analysts expect that Forterra plc will post 11.9888346 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Royal Bank Of Canada lowered their target price on shares of Forterra from GBX 195 to GBX 180 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 250 price objective on shares of Forterra in a report on Wednesday, July 29th. Jefferies Financial Group lifted their price objective on Forterra from GBX 160 to GBX 181 and gave the company a "buy" rating in a research report on Monday, August 10th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 170 price objective on shares of Forterra in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 202.20.
Get Our Latest Analysis on FORT
Forterra Company Profile
(
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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.
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