Insider Buying: Forterra (LON:FORT) Insider Acquires 28,944 Shares

Key Points

• Forterra insider Gavin Hill bought 28,944 shares at GBX 138 each, representing a total investment of approximately £39,943.
• Forterra reported quarterly EPS of GBX 5.10, with a 7.98% return on equity and a 5.09% net margin. Analysts expect full-year EPS of roughly GBX 11.99.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of GBX 202.20 versus the stock’s GBX 138 opening price.

Forterra plc (LON:FORT - Get Free Report) insider Gavin Hill acquired 28,944 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was purchased at an average price of GBX 138 per share, for a total transaction of £39,942.72.

Forterra Stock Performance

Forterra stock opened at GBX 138 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 43.78. The firm has a 50-day moving average of GBX 140.95 and a 200-day moving average of GBX 146.64. The firm has a market cap of £277.56 million, a P/E ratio of 15.16, a P/E/G ratio of 0.30 and a beta of 0.73. Forterra plc has a 1-year low of GBX 126.40 and a 1-year high of GBX 200.

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

Analysts Set New Price Targets

FORT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 250 target price on shares of Forterra in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their price target on Forterra from GBX 195 to GBX 180 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. Jefferies Financial Group upped their price target on Forterra from GBX 160 to GBX 181 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 170 price objective on shares of Forterra in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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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