Forterra (FORT) Receives Buy Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of Forterra (LON:FORT) in a report issued on Monday morning.

Other research analysts have also issued reports about the stock. Numis Securities reiterated an add rating on shares of Forterra in a research note on Monday, July 30th. Berenberg Bank boosted their price target on shares of Forterra from GBX 340 ($4.40) to GBX 350 ($4.53) and gave the stock a buy rating in a research note on Monday, June 4th. Citigroup reiterated a neutral rating and set a GBX 350 ($4.53) price target (up from GBX 342 ($4.43)) on shares of Forterra in a research note on Wednesday, May 23rd. Finally, Peel Hunt reiterated a buy rating on shares of Forterra in a research note on Monday, July 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 358.57 ($4.64).

Shares of Forterra stock opened at GBX 286 ($3.70) on Monday. Forterra has a 52-week low of GBX 193.50 ($2.50) and a 52-week high of GBX 307.75 ($3.98).

The business also recently disclosed a dividend, which will be paid on Thursday, October 11th. Investors of record on Thursday, September 20th will be issued a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 20th.

Forterra Company Profile

Forterra plc manufactures and sells masonry products in the United Kingdom. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete, concrete block paving, and chimney and roofing solutions, as well as precast concrete flooring products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

See Also: Average Daily Trade Volume – ADTV

Analyst Recommendations for Forterra (LON:FORT)

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