Peel Hunt Reaffirms Add Rating for Forterra (LON:FORT)

Peel Hunt reissued their add rating on shares of Forterra (LON:FORT) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

Other research analysts have also recently issued reports about the company. Berenberg Bank reiterated a hold rating and issued a GBX 300 ($3.92) price target on shares of Forterra in a research note on Wednesday, May 29th. Numis Securities reaffirmed a buy rating on shares of 3i Group in a research report on Thursday, May 16th. Finally, Jefferies Financial Group raised SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Forterra currently has a consensus rating of Hold and a consensus price target of GBX 333 ($4.35).

Shares of FORT opened at GBX 289 ($3.78) on Tuesday. Forterra has a 52 week low of GBX 207 ($2.70) and a 52 week high of GBX 319 ($4.17). The company has a market cap of $578.42 million and a PE ratio of 11.07. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 48.29. The firm has a fifty day moving average price of GBX 293.19.

In related news, insider Stephen Harrison sold 96,252 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of GBX 288 ($3.76), for a total transaction of £277,205.76 ($362,218.42).

Forterra Company Profile

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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Analyst Recommendations for Forterra (LON:FORT)

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