Forterra PLC (FORT) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Forterra PLC (LON:FORT) have been given an average recommendation of “Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 306.33 ($4.03).
A number of research analysts have weighed in on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Forterra PLC in a research report on Monday, August 14th. Jefferies Group LLC upped their price objective on shares of Forterra PLC from GBX 370 ($4.86) to GBX 380 ($5.00) and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Berenberg Bank upped their price objective on shares of Forterra PLC from GBX 320 ($4.21) to GBX 340 ($4.47) and gave the company a “buy” rating in a research report on Tuesday, August 8th. Peel Hunt reaffirmed a “buy” rating and set a GBX 330 ($4.34) price objective on shares of Forterra PLC in a research report on Tuesday, August 1st. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 320 ($4.21) price objective on shares of Forterra PLC in a research report on Thursday, July 20th.
Shares of Forterra PLC (LON FORT) opened at 301.75 on Friday. The stock’s 50 day moving average price is GBX 279.59 and its 200-day moving average price is GBX 257.78. The stock’s market capitalization is GBX 603.50 million. Forterra PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 306.55.
The business also recently disclosed a dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 21st were given a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.13%. The ex-dividend date was Thursday, September 21st.
In related news, insider Martin Sutherland acquired 7,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of GBX 279 ($3.67) per share, with a total value of £20,925 ($27,511.18).
Forterra PLC Company Profile
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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