Key Points
- Insider purchase: Aysegul Sabanci bought 5,000 Forterra shares at GBX 158 each, investing a total of £7,900.
- Stock performance and valuation: Forterra opened at GBX 162, up 18.2%, with a market capitalization of approximately £325.8 million and a price-to-earnings ratio of 17.8.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with four Buy ratings and one Hold rating; the average price target is GBX 202.20.
Forterra plc (LON:FORT - Get Free Report) insider Aysegul Sabanci purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average price of GBX 158 per share, with a total value of £7,900.
Forterra Trading Up 18.2%
FORT stock opened at GBX 162 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 43.78. Forterra plc has a twelve month low of GBX 126.40 and a twelve month high of GBX 200. The stock has a market capitalization of £325.83 million, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The firm's fifty day simple moving average is GBX 141.65 and its two-hundred day simple moving average is GBX 145.67.
Forterra (LON:FORT - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported GBX 5.10 earnings per share for the quarter. Forterra had a net margin of 5.09% and a return on equity of 7.98%. As a group, analysts anticipate that Forterra plc will post 11.9888346 earnings per share for the current year.
Wall Street Analysts Forecast Growth
FORT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 250 price objective on shares of Forterra in a research report on Wednesday, July 29th. Jefferies Financial Group upped their target price on Forterra from GBX 160 to GBX 181 and gave the company a "buy" rating in a research note on Monday, August 10th. Royal Bank Of Canada cut their target price 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, Berenberg Bank reiterated a "hold" rating and issued a GBX 170 price target on shares of Forterra in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Forterra presently has a consensus rating of "Moderate Buy" and an average price target of GBX 202.20.
Read Our Latest Report on FORT
About Forterra
(
Get Free Report)
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.
Further Reading
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