Forterra (LON:FORT) Trading Up 1.4% – Still a Buy?

Forterra plc (LON:FORT) rose 1.4% on Monday . The company traded as high as GBX 186.80 and last traded at GBX 186. Approximately 156,581 shares changed hands during trading, a decline of 81% from the average daily volume of 834,678 shares. The stock had previously closed at GBX 183.40.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FORT. Royal Bank Of Canada cut their price objective on Forterra from GBX 250 to GBX 220 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. Peel Hunt reiterated an “add” rating and issued a GBX 230 target price on shares of Forterra in a report on Tuesday, November 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 220 price objective on shares of Forterra in a research note on Monday, September 8th. Finally, Jefferies Financial Group decreased their price target on Forterra from GBX 261 to GBX 208 and set a “buy” rating for the company in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 234.67.

Forterra Price Performance

The company has a 50-day moving average of GBX 180.81 and a 200-day moving average of GBX 187.36. The stock has a market capitalization of £392.30 million, a price-to-earnings ratio of 25.14, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79.

Insider Activity at Forterra

In related news, insider Nigel Lingwood acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was purchased at an average price of GBX 180 per share, for a total transaction of £90,000. 0.45% of the stock is currently owned by insiders.

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.