Forterra PLC (FORT) Stock Rating Reaffirmed by Peel Hunt
Forterra PLC (LON:FORT)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research report issued to clients and investors on Wednesday. They presently have a GBX 220 ($2.75) price target on the stock. Peel Hunt’s target price suggests a potential upside of 22.39% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 198 ($2.47) target price on shares of Forterra PLC in a research report on Friday, September 16th. Numis Securities Ltd assumed coverage on Forterra PLC in a research report on Tuesday, September 13th. They set a “buy” rating and a GBX 225 ($2.81) price objective on the stock. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 195 ($2.44) price objective on shares of Forterra PLC in a research report on Friday, September 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 216.40 ($2.70).
Forterra PLC (LON:FORT) opened at 180.50 on Wednesday. The stock has a 50 day moving average price of GBX 176.05 and a 200-day moving average price of GBX 160.73. The stock’s market cap is GBX 361.72 million. Forterra PLC has a 1-year low of GBX 110.00 and a 1-year high of GBX 190.00.
The firm also recently announced a dividend, which was paid on Wednesday, October 19th. Stockholders of record on Thursday, September 29th were paid a dividend of GBX 2 ($0.02) per share. The ex-dividend date was Thursday, September 29th. This represents a dividend yield of 1.23%.
In other Forterra PLC news, insider Harrison,Stephen bought 3,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of GBX 166 ($2.07) per share, with a total value of £4,980 ($6,221.89).
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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