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The latest announcement is out from Forterra ( (GB:FORT) ).
Forterra plc announced that its Employee Benefit Trust has completed a purchase of 75,000 ordinary shares at an average price of £1.80231. This acquisition is part of a planned program to buy 150,000 shares monthly, aimed at supporting the company’s employee share schemes. The Trust now holds 1,884,279 shares, representing 0.89% of the company’s voting rights, which underscores Forterra’s commitment to employee investment and could potentially enhance employee engagement and retention.
The most recent analyst rating on (GB:FORT) stock is a Buy 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 mixed financial performance and weak technical indicators. The company’s stable equity base and improved cash generation are positive, but profitability pressures and increased leverage pose risks. The stock’s high P/E ratio and modest dividend yield further contribute to a cautious outlook.
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 manufacturing and supplying building products. The company is known for its production of bricks, blocks, and other essential construction materials, serving a diverse market that includes residential, commercial, and infrastructure sectors.
Average Trading Volume: 624,896
Technical Sentiment Signal: Hold
Current Market Cap: £364.4M
Learn more about FORT stock on TipRanks’ Stock Analysis page.