Forterra (LON:FORT) Shares Up 0.4% – What’s Next?

Forterra plc (LON:FORT) shares shot up 0.4% on Monday. The stock traded as high as GBX 158.20 and last traded at GBX 158. 499,952 shares were traded during trading, a decline of 64% from the average session volume of 1,377,537 shares. The stock had previously closed at GBX 157.40.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FORT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 250 target price on shares of Forterra in a report on Wednesday, July 29th. Royal Bank Of Canada decreased their price target on Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Berenberg Bank restated a “hold” rating and issued a GBX 170 price objective on shares of Forterra in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group upped their price objective on Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a research report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 202.20.

Forterra Stock Up 0.4%

The firm has a market cap of £315.27 million, a price-to-earnings ratio of 17.36, a PEG ratio of 0.30 and a beta of 0.73. The business has a fifty day simple moving average of GBX 144.56 and a 200 day simple moving average of GBX 144.57. The company has a debt-to-equity ratio of 43.78, a current ratio of 1.57 and a quick ratio of 0.82.

Forterra (LON:FORT) last posted its quarterly 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, equities analysts forecast that Forterra plc will post 11.99 EPS for the current fiscal year.

Insider Buying and Selling at Forterra

In related news, insider Aysegul Sabanci acquired 5,000 shares of Forterra stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of GBX 158 per share, for a total transaction of £7,900. Also, insider Gina Jardine purchased 13,313 shares of Forterra stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of GBX 138 per share, for a total transaction of £18,371.94. Insiders have acquired 47,257 shares of company stock worth $6,621,466 over the last quarter. 0.45% of the stock is currently owned by company insiders.

About Forterra

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.