Forterra PLC (FORT) to Issue Dividend of GBX 3.10
Forterra PLC (LON:FORT) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 21st will be paid a dividend of GBX 3.10 ($0.04) per share on Thursday, October 12th. This represents a dividend yield of 1.13%. The ex-dividend date is Thursday, September 21st. The official announcement can be viewed at this link.
Shares of Forterra PLC (LON:FORT) traded up 0.74% on Friday, hitting GBX 272.00. 370,829 shares of the stock traded hands. The firm’s 50 day moving average is GBX 274.95 and its 200-day moving average is GBX 245.92. The company’s market cap is GBX 544.00 million. Forterra PLC has a 12 month low of GBX 158.68 and a 12 month high of GBX 295.75.
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A number of brokerages have issued reports on FORT. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.26) price target on shares of Forterra PLC in a research note on Tuesday, August 1st. Jefferies Group LLC raised their price target on Forterra PLC from GBX 370 ($4.78) to GBX 380 ($4.91) and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Berenberg Bank raised their price target on Forterra PLC from GBX 320 ($4.13) to GBX 340 ($4.39) and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Deutsche Bank AG reissued a “buy” rating on shares of Forterra PLC in a research note on Monday, August 14th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 320 ($4.13) price target on shares of Forterra PLC in a research note on Thursday, July 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 307.86 ($3.98).
In other news, insider Martin Sutherland acquired 7,500 shares of Forterra PLC stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of GBX 279 ($3.60) per share, with a total value of £20,925 ($27,024.41).
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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