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Forterra ( (GB:FORT) ) just unveiled an update.
Forterra plc has announced the completion of a share purchase by its Employee Benefit Trust, acquiring 75,000 ordinary shares at an average price of £1.828133. This purchase is part of a planned program to buy 150,000 shares monthly, aimed at supporting the company’s employee share schemes, and currently, the Trust holds 1,959,279 shares, representing 0.92% 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 and distribution of building products. The company is known for its extensive range of clay and concrete building products, catering to the residential, commercial, and infrastructure sectors.
Average Trading Volume: 605,553
Technical Sentiment Signal: Buy
Current Market Cap: £386.3M
Learn more about FORT stock on TipRanks’ Stock Analysis page.