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Forterra ( (GB:FORT) ) has provided an announcement.
Forterra plc announced that its Chair, Nigel Lingwood, has purchased 50,000 Ordinary Shares at a price of £1.798 per share, totaling £89,900. This transaction reflects Lingwood’s increased stake in the company, potentially signaling confidence in Forterra’s future prospects and stability, which could positively influence stakeholder sentiment.
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 manufacturing and supply of building products. The company is known for its production of bricks, blocks, and other essential construction components, catering to the UK market.
Average Trading Volume: 673,499
Technical Sentiment Signal: Hold
Current Market Cap: £358M
For detailed information about FORT stock, go to TipRanks’ Stock Analysis page.