Forterra PLC’s (FORT) Buy Rating Reiterated at Deutsche Bank AG
Forterra PLC (LON:FORT)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a report issued on Friday. They currently have a GBX 198 ($2.47) target price on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 10.15% from the company’s current price.
A number of other research analysts have also issued reports on the stock. Davy Research restated a “neutral” rating on shares of Forterra PLC in a research note on Thursday. Peel Hunt restated a “buy” rating and set a GBX 220 ($2.75) price target on shares of Forterra PLC in a research note on Wednesday. Numis Securities Ltd assumed coverage on shares of Forterra PLC in a research note 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 restated an “outperform” rating and set a GBX 195 ($2.44) price target on shares of Forterra PLC in a research note 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 has an average rating of “Buy” and an average price target of GBX 216.40 ($2.70).
Shares of Forterra PLC (LON:FORT) opened at 182.75 on Friday. Forterra PLC has a one year low of GBX 110.00 and a one year high of GBX 190.00. The company’s market capitalization is GBX 366.23 million. The firm has a 50-day moving average of GBX 176.05 and a 200-day moving average of GBX 160.73.
The company also recently declared a dividend, which was paid on Wednesday, October 19th. Investors of record on Thursday, September 29th were issued 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 news, insider Harrison,Stephen purchased 3,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average cost 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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