Forterra’s Employee Trust Acquires Additional Shares

Forterra ( (GB:FORT) ) has shared an announcement.

Forterra plc announced the completion of a share purchase by its Employee Benefit Trust, acquiring 75,000 ordinary shares at an average price of £1.78589. This move is part of a planned program to purchase 150,000 shares monthly, aimed at supporting the company’s employee share schemes. The Trust now holds 2,034,279 shares, representing 0.96% of the company’s voting rights, which underscores Forterra’s commitment to employee benefits and aligns with its strategic objectives to enhance shareholder value.

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 manufacture and supply of building products such as bricks, blocks, and precast concrete. The company is known for its extensive range of products catering to the residential, commercial, and infrastructure markets.

Average Trading Volume: 634,535

Technical Sentiment Signal: Sell

Current Market Cap: £376.2M

For a thorough assessment of FORT stock, go to TipRanks’ Stock Analysis page.