Gina Jardine Acquires 13,313 Shares of Forterra (LON:FORT) Stock

Key Points

• Insider purchase: Gina Jardine acquired 13,313 Forterra shares at GBX 138 each, investing approximately £18,372.
• Stock performance: Forterra shares rose to GBX 139, while remaining below their 52-week high of GBX 200. The company has a market capitalization of approximately £279.6 million.
• Analyst outlook: Analysts maintain a generally positive view, with four Buy ratings and one Hold rating. The consensus price target is GBX 202.20, implying substantial upside from the reported trading price.

Forterra plc (LON:FORT - Get Free Report) insider Gina Jardine acquired 13,313 shares of the firm's stock in a transaction on Tuesday, September 22nd. The shares were bought at an average cost of GBX 138 per share, with a total value of £18,371.94.

Forterra Stock Performance

Shares of LON:FORT traded up GBX 2.20 during trading on Tuesday, reaching GBX 139. The company had a trading volume of 322,523 shares, compared to its average volume of 1,464,538. Forterra plc has a fifty-two week low of GBX 126.40 and a fifty-two week high of GBX 200. The company has a debt-to-equity ratio of 43.78, a current ratio of 1.57 and a quick ratio of 0.82. The stock's fifty day moving average price is GBX 140.95 and its 200 day moving average price is GBX 146.64. The firm has a market capitalization of £279.57 million, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73.

Forterra (LON:FORT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 5.10 earnings per share for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. As a group, equities research analysts predict that Forterra plc will post 11.9888346 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on FORT. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 250 target price on shares of Forterra in a report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective 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 boosted their target price on Forterra from GBX 160 to GBX 181 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 170 target price on shares of Forterra in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 202.20.

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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