Forterra PLC (FORT) Receives GBX 306.33 Average Target Price from Brokerages

Forterra PLC (LON:FORT) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 306.33 ($4.07).

Several brokerages have weighed in on FORT. Deutsche Bank AG restated a “buy” rating on shares of Forterra PLC in a research note on Monday, August 14th. Jefferies Group LLC raised their price objective on Forterra PLC from GBX 370 ($4.92) to GBX 380 ($5.05) and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Berenberg Bank raised their price objective on Forterra PLC from GBX 320 ($4.25) to GBX 340 ($4.52) and gave the company a “buy” rating in a research note on Tuesday, August 8th. Peel Hunt restated a “buy” rating and set a GBX 330 ($4.38) price objective on shares of Forterra PLC in a research note on Tuesday, August 1st. Finally, BNP Paribas restated an “outperform” rating and set a GBX 320 ($4.25) price objective on shares of Forterra PLC in a research note on Thursday, July 20th.

Shares of Forterra PLC (FORT) traded down 0.25% during midday trading on Friday, reaching GBX 302.25. 189,419 shares of the company were exchanged. The stock’s market capitalization is GBX 604.50 million. The company’s 50-day moving average price is GBX 281.62 and its 200 day moving average price is GBX 259.47. Forterra PLC has a 52-week low of GBX 165.00 and a 52-week high of GBX 307.48.

The firm also recently announced 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 of this dividend was Thursday, September 21st.

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In other Forterra PLC news, insider Martin Sutherland bought 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of GBX 279 ($3.71) per share, with a total value of £20,925 ($27,803.61).

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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