Forterra PLC (FORT) Price Target Raised to GBX 340 at Berenberg Bank

Forterra PLC (LON:FORT) had its price target raised by Berenberg Bank from GBX 320 ($4.17) to GBX 340 ($4.43) in a research note released on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on the stock. Jefferies Group LLC increased their price target on shares of Forterra PLC from GBX 370 ($4.82) to GBX 380 ($4.95) and gave the company a buy rating in a report on Wednesday, August 2nd. Peel Hunt reissued a buy rating and issued a GBX 330 ($4.30) price objective on shares of Forterra PLC in a research note on Tuesday, August 1st. BNP Paribas reissued an outperform rating and issued a GBX 320 ($4.17) price objective on shares of Forterra PLC in a research note on Thursday, July 20th. Finally, Deutsche Bank AG reissued a buy rating on shares of Forterra PLC in a research note on Monday, July 17th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Forterra PLC has a consensus rating of Buy and a consensus price target of GBX 293.75 ($3.83).

Forterra PLC (FORT) opened at 268.00 on Tuesday. Forterra PLC has a one year low of GBX 144.50 and a one year high of GBX 295.75. The stock’s market cap is GBX 537.18 million. The company’s 50-day moving average price is GBX 263.28 and its 200-day moving average price is GBX 231.63.

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The company also recently disclosed a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 21st will be paid a GBX 3.10 ($0.04) dividend. This represents a yield of 1.13%. The ex-dividend date is Thursday, September 21st.

In other news, insider Martin Sutherland acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of GBX 279 ($3.63) per share, with a total value of £20,925 ($27,249.64).

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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