Forterra PLC (FORT) Now Covered by Analysts at Peel Hunt
Peel Hunt began coverage on shares of Forterra PLC (LON:FORT) in a research report report published on Tuesday morning. The brokerage issued a buy rating and a GBX 220 ($2.68) target price on the stock.
FORT has been the topic of a number of other research reports. Deutsche Bank AG reduced their price objective on Forterra PLC from GBX 250 ($3.05) to GBX 213 ($2.60) and set a buy rating on the stock in a research report on Tuesday, July 26th. Credit Suisse Group AG reissued an outperform rating and set a GBX 195 ($2.38) target price on shares of Forterra PLC in a research note on Friday, September 9th. Finally, Numis Securities Ltd assumed coverage on Forterra PLC in a research note on Tuesday, September 13th. They set a buy rating and a GBX 225 ($2.74) target price for the company. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of GBX 216.40 ($2.64).
Forterra PLC (LON:FORT) opened at 179.75 on Tuesday. The stock’s 50 day moving average price is GBX 168.46 and its 200 day moving average price is GBX 158.73. The company’s market cap is GBX 360.22 million. Forterra PLC has a 52-week low of GBX 110.00 and a 52-week high of GBX 190.00.
The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Investors of record on Thursday, September 29th will be paid a dividend of GBX 2 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a yield of 1.23%.
In related news, insider Harrison,Stephen bought 3,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average cost of GBX 166 ($2.02) per share, with a total value of £4,980 ($6,069.47).
About Forterra PLC
Forterra plc is a United Kingdom-based producer of manufactured masonry products. The Company offers clay bricks, aircrete blocks and concrete blocks. It offers Fletton brick under the London Brick brand. It offers a range of building products, including engineered precast concrete flooring. It operates approximately nine brick manufacturing facilities in the United Kingdom with a total production capacity of approximately 570 million bricks per annum.
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