Forterra PLC (LON:FORT) Insider Acquires £2,002 in Stock

Forterra PLC (LON:FORT) insider Stephen Harrison bought 1,144 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The stock was purchased at an average cost of GBX 175 ($2.15) per share, for a total transaction of £2,002 ($2,463.70).

FORT stock opened at GBX 180 ($2.22) on Thursday. The company’s 50-day simple moving average is GBX 201.52 and its 200-day simple moving average is GBX 265.77. The company has a quick ratio of 0.76, a current ratio of 1.36 and a debt-to-equity ratio of 53.71. Forterra PLC has a 52-week low of GBX 157.40 ($1.94) and a 52-week high of GBX 407.50 ($5.01). The firm has a market cap of $368.01 million and a P/E ratio of 7.59.

FORT has been the topic of several analyst reports. Berenberg Bank cut their price target on Forterra from GBX 220 ($2.71) to GBX 200 ($2.46) and set a “hold” rating on the stock in a research report on Friday, July 3rd. Jefferies Financial Group cut their price target on Forterra from GBX 307 ($3.78) to GBX 233 ($2.87) and set a “buy” rating on the stock in a research report on Friday, July 3rd. Deutsche Bank reaffirmed a “buy” rating on shares of Forterra in a research report on Friday, July 3rd. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Forterra in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Forterra presently has an average rating of “Buy” and a consensus target price of GBX 292.60 ($3.60).

About Forterra

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

Further Reading: Return On Assets

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