Forterra (LON:FORT – Get Free Report)‘s stock had its “buy” rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 250 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 80.12% from the company’s previous close.
Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 160 target price on shares of Forterra in a research note on Wednesday. Royal Bank Of Canada decreased their price target on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 170 price objective on shares of Forterra in a report on Wednesday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Forterra presently has an average rating of “Moderate Buy” and a consensus price target of GBX 200.
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Forterra Price Performance
Forterra (LON:FORT – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 4.10 earnings per share for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. As a group, analysts forecast that Forterra will post 11.9888346 EPS for the current fiscal year.
Insider Transactions at Forterra
In related news, insider Neil Ash acquired 11,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of GBX 133 per share, for a total transaction of £15,295. Also, insider Nigel Lingwood acquired 25,000 shares of the stock in a transaction on Friday, June 12th. The stock was bought at an average cost of GBX 133 per share, with a total value of £33,250. Insiders have purchased a total of 54,000 shares of company stock valued at $7,164,500 in the last quarter. 0.46% of the stock is currently owned by company insiders.
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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