Forterra (LON:FORT) Insider Aysegul Sabanci Acquires 5,000 Shares of Stock

Key Points

• Insider purchase: Forterra insider Aysegul Sabanci acquired 5,000 shares at GBX 158 each, investing £7,900.
• Shares surged: Forterra stock rose 16.4% to GBX 159.40 in midday trading, with trading volume significantly above its average.
• Analyst outlook remains positive: Four analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 202.20.

Forterra plc (LON:FORT - Get Free Report) insider Aysegul Sabanci acquired 5,000 shares of the firm's stock in a transaction on Monday, September 28th. The shares were acquired at an average price of GBX 158 per share, with a total value of £7,900.

Forterra Stock Up 16.4%

Shares of LON FORT traded up GBX 22.40 during midday trading on Monday, reaching GBX 159.40. 9,788,821 shares of the company's stock were exchanged, compared to its average volume of 1,492,084. The business's fifty day moving average price is GBX 141.12 and its two-hundred day moving average price is GBX 145.70. Forterra plc has a 52-week low of GBX 126.40 and a 52-week high of GBX 200. The stock has a market capitalization of £320.60 million, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. 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 (LON:FORT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported GBX 5.10 EPS for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. Analysts forecast that Forterra plc will post 11.9888346 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on FORT. Royal Bank Of Canada lowered their price target on Forterra from GBX 195 to GBX 180 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Jefferies Financial Group raised their price target on Forterra from GBX 160 to GBX 181 and gave the company a "buy" rating in a research report on Monday, August 10th. Berenberg Bank restated a "hold" rating and set a GBX 170 target price on shares of Forterra in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 250 target price on shares of Forterra in a research note on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 202.20.

Forterra Company Profile

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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