Neil Ash Buys 17,500 Shares of Forterra (LON:FORT) Stock

Forterra plc (LON:FORT – Get Free Report) insider Neil Ash purchased 17,500 shares of Forterra stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 132 per share, for a total transaction of £23,100.

Neil Ash also recently made the following trade(s):

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• On Friday, June 12th, Neil Ash bought 11,500 shares of Forterra stock. The shares were bought at an average price of GBX 133 per share, for a total transaction of £15,295.

Forterra Price Performance

Shares of FORT stock opened at GBX 130.80 on Tuesday. Forterra plc has a 1 year low of GBX 126.40 and a 1 year high of GBX 215. The firm’s 50 day moving average is GBX 150.23 and its 200-day moving average is GBX 168.49. The firm has a market capitalization of £270.04 million, a price-to-earnings ratio of 16.35, a PEG ratio of 0.30 and a beta of 0.73. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th. Royal Bank Of Canada reduced their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Berenberg Bank reduced their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 209.83.

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About Forterra

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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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