Forterra PLC’s (FORT) Buy Rating Reaffirmed at Peel Hunt
A number of other brokerages have also recently issued reports on FORT. Deutsche Bank AG reiterated a buy rating and set a GBX 198 ($2.45) price objective on shares of Forterra PLC in a research note on Friday, November 18th. Numis Securities Ltd reiterated a buy rating and set a GBX 225 ($2.78) price objective on shares of Forterra PLC in a research note on Friday, January 13th. Finally, Davy Research reiterated a neutral rating on shares of Forterra PLC in a research note on Thursday, November 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 229.40 ($2.83).
Shares of Forterra PLC (LON:FORT) opened at 207.50 on Wednesday. The firm’s market cap is GBX 415.83 million. Forterra PLC has a 1-year low of GBX 110.00 and a 1-year high of GBX 215.00. The firm’s 50-day moving average is GBX 198.21 and its 200-day moving average is GBX 180.98.
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The firm also recently declared a dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be paid a GBX 3.80 ($0.05) dividend. This represents a yield of 1.84%. The ex-dividend date is Thursday, June 15th. This is a boost from Forterra PLC’s previous dividend of $2.00.
In other Forterra PLC news, insider Stephen Harrison purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were acquired at an average price of GBX 207 ($2.56) per share, for a total transaction of £3,105 ($3,834.75).
About Forterra PLC
Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.
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