Cobas Asset Management Adjusts Stake in Forterra plc

An announcement from Forterra ( (GB:FORT) ) is now available.

Cobas Asset Management, a Madrid-based investment firm, has adjusted its holdings in Forterra plc, reducing its voting rights from 6.162132% to 5.994181%. This change reflects a minor adjustment in Cobas’s investment strategy, potentially impacting Forterra’s shareholder dynamics and indicating a shift in investor confidence or strategy.

The most recent analyst rating on (GB:FORT) stock is a Hold with a £170.00 price target. To see the full list of analyst forecasts on Forterra stock, see the GB:FORT Stock Forecast page.

Spark’s Take on GB:FORT Stock

According to Spark, TipRanks’ AI Analyst, GB:FORT is a Outperform.

Forterra’s overall score is bolstered by positive corporate events and stable technical indicators. The company’s strategic initiatives and improved cash flow generation enhance its outlook, despite challenges in profitability and leverage. Valuation remains fair, with a reasonable P/E ratio and dividend yield. However, the lack of current earnings call data limits a more comprehensive assessment.

To see Spark’s full report on GB:FORT stock, click here.

More about Forterra

Forterra plc is a UK-based company operating in the construction materials industry. The company primarily manufactures and supplies building products, including bricks, blocks, and precast concrete, focusing on serving the construction and infrastructure sectors.

Average Trading Volume: 591,685

Technical Sentiment Signal: Buy

Current Market Cap: £404.8M

For detailed information about FORT stock, go to TipRanks’ Stock Analysis page.