Forterra (LON:FORT) Stock Rating Reaffirmed as Hold by Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its Hold rating on Forterra with a GBX 150 price target, implying 4.09% downside from the current share price.
• Analyst views are broadly positive: three rate the stock Buy and one Hold, giving Forterra a consensus Moderate Buy rating and an average target of GBX 190.25.
• Company insiders bought 47,257 shares over the past three months, including purchases by Gina Jardine and Aysegul Sabanci.

Forterra (LON:FORT - Get Free Report)'s stock had its "hold" rating reissued by Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 150 target price on the stock. Berenberg Bank's price target would suggest a potential downside of 4.09% from the company's current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group upped their price objective on Forterra from GBX 160 to GBX 181 and gave the company a "buy" rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 250 price target on shares of Forterra in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their price objective on shares of Forterra from GBX 195 to GBX 180 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 190.25.

Forterra Price Performance

Shares of FORT opened at GBX 156.40 on Wednesday. The company has a debt-to-equity ratio of 43.78, a quick ratio of 0.82 and a current ratio of 1.57. Forterra has a fifty-two week low of GBX 126.40 and a fifty-two week high of GBX 200. The firm has a 50-day simple moving average of GBX 150.34 and a 200-day simple moving average of GBX 153.59. The company has a market capitalization of £309.57 million, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73.

Insider Activity at Forterra

In other Forterra news, insider Gina Jardine purchased 13,313 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average cost of GBX 138 per share, for a total transaction of £18,371.94. Also, insider Aysegul Sabanci acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, September 28th. The shares were acquired at an average cost of GBX 158 per share, for a total transaction of £7,900. Insiders have acquired a total of 47,257 shares of company stock worth $6,621,466 over the last three months. 0.50% of the stock is currently owned by corporate 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.

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