Davy Research Reaffirms Neutral Rating for Forterra PLC (FORT)
Forterra PLC (LON:FORT)‘s stock had its “neutral” rating reiterated by Davy Research in a note issued to investors on Thursday.
Several other equities analysts have also recently issued reports on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 220 ($2.75) price target on shares of Forterra PLC in a research report on Wednesday. Deutsche Bank AG reiterated a “buy” rating and set a GBX 198 ($2.47) price target on shares of Forterra PLC in a research report on Friday, September 16th. Numis Securities Ltd began coverage on shares of Forterra PLC in a research report on Tuesday, September 13th. They set a “buy” rating and a GBX 225 ($2.81) price target on the stock. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 195 ($2.44) price target on shares of Forterra PLC in a research report on Friday, September 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 216.40 ($2.70).
Shares of Forterra PLC (LON:FORT) opened at 182.00 on Thursday. The firm has a 50-day moving average of GBX 175.57 and a 200 day moving average of GBX 160.60. Forterra PLC has a 1-year low of GBX 110.00 and a 1-year high of GBX 190.00. The stock’s market cap is GBX 364.73 million.
The firm also recently disclosed a dividend, which was paid on Wednesday, October 19th. Investors of record on Thursday, September 29th were paid a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.23%. The ex-dividend date was Thursday, September 29th.
In other Forterra PLC news, insider Harrison,Stephen acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average price of GBX 166 ($2.07) per share, with a total value of £4,980 ($6,221.89).
Forterra PLC Company Profile
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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