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Forterra ( (GB:FORT) ) just unveiled an announcement.
Forterra plc has disclosed that its Employee Benefit Trust has acquired 75,000 ordinary shares at an average price of £1.7967 as part of a previously announced monthly share purchase programme. The trust now holds 2,326,899 ordinary shares, representing 1.09% of the company’s voting rights, and these shares are intended to satisfy awards under Forterra’s employee share schemes, underscoring the company’s ongoing commitment to staff incentives and alignment of employee interests with shareholder value.
The most recent analyst rating on (GB:FORT) stock is a Hold with a £220.00 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 Neutral.
Forterra’s overall stock score is driven by positive corporate events and a stable technical outlook. However, financial performance challenges and a high valuation limit the score. The company’s strategic initiatives and internal confidence provide a supportive backdrop, but careful management of profitability and leverage is necessary for future growth.
To see Spark’s full report on GB:FORT stock, click here.
More about Forterra
Forterra plc is a UK-based manufacturer in the construction materials sector, best known for producing building products such as bricks and other structural materials for the UK housebuilding and commercial construction markets.
Average Trading Volume: 506,072
Technical Sentiment Signal: Sell
Current Market Cap: £375.7M
Find detailed analytics on FORT stock on TipRanks’ Stock Analysis page.