Forterra PLC (FORT) Coverage Initiated by Analysts at Berenberg Bank

Analysts at Berenberg Bank began coverage on shares of Forterra PLC (LON:FORT) in a research report issued to clients and investors on Friday, May 12th, Marketbeat.com reports. The firm set a “buy” rating and a GBX 320 ($4.05) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 17.54% from the stock’s previous close.

Several other equities analysts have also commented on FORT. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 225 ($2.85) price objective on shares of Forterra PLC in a research report on Friday, January 13th. Peel Hunt increased their price objective on shares of Forterra PLC from GBX 220 ($2.78) to GBX 235 ($2.97) and gave the company a “buy” rating in a research report on Monday, January 16th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 259 ($3.28) price target on shares of Forterra PLC in a report on Thursday, January 12th. Finally, Citigroup Inc. increased their price target on shares of Forterra PLC from GBX 222 ($2.81) to GBX 233 ($2.95) and gave the stock a “buy” rating in a report on Tuesday, March 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 252.43 ($3.19).

Analyst Recommendations for Forterra PLC (LON:FORT)

Shares of Forterra PLC (LON FORT) opened at 272.25 on Friday. The company’s market capitalization is GBX 544.50 million. The stock has a 50 day moving average of GBX 256.40 and a 200-day moving average of GBX 207.50. Forterra PLC has a 52 week low of GBX 110.00 and a 52 week high of GBX 275.00.

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In other Forterra PLC news, insider Shatish D. Dasani purchased 9,450 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were bought at an average price of GBX 210 ($2.66) per share, for a total transaction of £19,845 ($25,104.36).

About Forterra PLC

Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.

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