TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Forterra ( (GB:FORT) ).
Forterra plc announced that its Employee Benefit Trust has completed the purchase of 75,000 ordinary shares at an average price of £1.832, as part of a planned share purchase program. This initiative is aimed at benefiting the company’s employees through various share schemes, with the Trust now holding 2,109,279 shares, representing 0.99% of the company’s voting rights.
The most recent analyst rating on (GB:FORT) stock is a Hold with a £201.00 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 reflects a balanced view of its financial performance, technical analysis, and valuation. The company’s stable equity base and improved cash generation are positive, but profitability pressures and increased leverage are concerns. Technical indicators suggest a neutral to slightly bearish trend, while the valuation is moderate, offering limited upside potential.
To see Spark’s full report on GB:FORT stock, click here.
More about Forterra
Forterra plc operates in the construction materials industry, primarily focusing on the production of building products such as bricks, blocks, and precast concrete. The company serves the UK market, providing essential materials for residential, commercial, and infrastructure projects.
Average Trading Volume: 633,535
Technical Sentiment Signal: Buy
Current Market Cap: £390.5M
Find detailed analytics on FORT stock on TipRanks’ Stock Analysis page.