Forterra PLC (FORT) Rating Reiterated by BNP Paribas
Forterra PLC (LON:FORT)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research report issued to clients and investors on Thursday. They currently have a GBX 300 ($3.87) target price on the stock. BNP Paribas’ target price would suggest a potential upside of 14.07% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Berenberg Bank started coverage on shares of Forterra PLC in a research report on Friday, May 12th. They set a “buy” rating and a GBX 320 ($4.13) price target for the company. Citigroup Inc lifted their price objective on shares of Forterra PLC from GBX 222 ($2.87) to GBX 233 ($3.01) and gave the company a “buy” rating in a report on Tuesday, March 21st. Finally, Peel Hunt restated a “buy” rating and issued a GBX 235 ($3.03) price objective on shares of Forterra PLC in a report on Wednesday, March 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 252.43 ($3.26).
Shares of Forterra PLC (LON:FORT) opened at 259.0625 on Thursday. The stock has a 50 day moving average of GBX 219.40 and a 200 day moving average of GBX 194.75. Forterra PLC has a 12 month low of GBX 110.00 and a 12 month high of GBX 264.00. The stock’s market cap is GBX 518.13 million.
The firm also recently disclosed a dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be issued a GBX 3.80 ($0.05) dividend. The ex-dividend date is Thursday, June 15th. This represents a dividend yield of 1.84%. This is a boost from Forterra PLC’s previous dividend of $2.00.
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In other Forterra PLC news, insider Shatish D. Dasani acquired 9,450 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was purchased at an average price of GBX 210 ($2.71) per share, for a total transaction of £19,845 ($25,616.37). Also, insider Stephen Harrison acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was acquired at an average price of GBX 207 ($2.67) per share, with a total value of £3,105 ($4,008.00).
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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