Forterra PLC (FORT) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Forterra PLC (LON:FORT) in a research note released on Friday morning. Deutsche Bank AG currently has a GBX 198 ($2.58) target price on the stock.
A number of other equities research analysts have also commented on the company. Credit Suisse Group AG restated an outperform rating and set a GBX 195 ($2.55) price objective on shares of Forterra PLC in a research report on Friday, September 9th. Numis Securities Ltd initiated coverage on Forterra PLC in a research report on Tuesday, September 13th. They set a buy rating and a GBX 225 ($2.94) price objective for the company. Finally, Citigroup Inc. initiated coverage on Forterra PLC in a report on Wednesday, June 1st. They set a buy rating and a GBX 244 ($3.18) price target for the company.
Forterra PLC (LON:FORT) opened at 162.00 on Friday. The stock has a 50 day moving average of GBX 156.63 and a 200 day moving average of GBX 156.38. Forterra PLC has a 1-year low of GBX 110.00 and a 1-year high of GBX 190.00. The stock’s market capitalization is GBX 324.65 million.
The company also recently declared a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Thursday, September 29th will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 1.23%.
In other news, insider Harrison,Stephen purchased 3,000 shares of Forterra PLC stock in a transaction dated Thursday, September 8th. The stock was acquired at an average cost of GBX 166 ($2.17) per share, for a total transaction of £4,980 ($6,500.46).
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.
Receive News & Ratings for Forterra PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.