Forterra PLC (LON:FORT)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a note issued to investors on Monday.
A number of other equities analysts have also weighed in on the stock. Berenberg Bank started coverage on shares of Forterra PLC in a research report on Friday, May 12th. They issued a “buy” rating and a GBX 320 ($4.15) price target for the company. BNP Paribas reiterated an “outperform” rating and issued a GBX 300 ($3.89) price target on shares of Forterra PLC in a research report on Thursday, May 18th. Peel Hunt upped their price target on shares of Forterra PLC from GBX 260 ($3.38) to GBX 330 ($4.28) and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 370 ($4.80) price target on shares of Forterra PLC in a research report on Monday, June 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Forterra PLC has a consensus rating of “Buy” and a consensus target price of GBX 293.75 ($3.81).
Shares of Forterra PLC (FORT) opened at 270.75 on Monday. The firm has a 50-day moving average of GBX 263.62 and a 200 day moving average of GBX 233.36. Forterra PLC has a 1-year low of GBX 144.50 and a 1-year high of GBX 295.75. The stock’s market capitalization is GBX 541.50 million.
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In related news, insider Martin Sutherland bought 7,500 shares of the stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of GBX 279 ($3.62) per share, with a total value of £20,925 ($27,164.74).
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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