Forterra PLC (FORT) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of Forterra PLC (LON:FORT) in a research report report published on Friday morning. They currently have a GBX 198 ($2.58) target price on the stock.
Several other research firms have also commented on FORT. Credit Suisse Group AG restated an outperform rating and set a GBX 204 ($2.66) price target on shares of Forterra PLC in a research report on Wednesday, June 1st. Numis Securities Ltd started coverage on shares of Forterra PLC in a research report on Tuesday, September 13th. They set a buy rating and a GBX 225 ($2.94) price target on the stock. Finally, Citigroup Inc. started coverage on shares of Forterra PLC in a research report on Wednesday, June 1st. They set a buy rating and a GBX 244 ($3.18) price target on the stock.
Shares of Forterra PLC (LON:FORT) opened at 162.00 on Friday. Forterra PLC has a 12-month low of GBX 110.00 and a 12-month high of GBX 190.00. The stock has a 50 day moving average of GBX 156.63 and a 200-day moving average of GBX 156.38. The company’s market capitalization is GBX 324.65 million.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Thursday, September 29th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, September 29th.
In related news, insider Harrison,Stephen acquired 3,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were acquired at an average cost of GBX 166 ($2.17) per share, with a total value 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.
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