Forterra PLC (FORT) Insider Divya Seshamani Acquires 6,000 Shares

Forterra PLC (LON:FORT) insider Divya Seshamani bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was acquired at an average cost of GBX 304 ($3.97) per share, for a total transaction of £18,240 ($23,833.79).

Shares of FORT opened at GBX 304.50 ($3.98) on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 48.29. Forterra PLC has a 52 week low of GBX 207 ($2.70) and a 52 week high of GBX 339.50 ($4.44). The company has a market capitalization of $600.13 million and a PE ratio of 11.67.

The business also recently declared a dividend, which will be paid on Thursday, July 4th. Stockholders of record on Thursday, June 13th will be given a GBX 7.20 ($0.09) dividend. This is a boost from Forterra’s previous dividend of $3.30. This represents a dividend yield of 2.47%. The ex-dividend date is Thursday, June 13th. Forterra’s payout ratio is currently 0.54%.

Several analysts have weighed in on FORT shares. Numis Securities reaffirmed an “add” rating and set a GBX 350 ($4.57) price objective on shares of Forterra in a research report on Wednesday, April 3rd. Berenberg Bank lifted their price objective on Forterra from GBX 290 ($3.79) to GBX 300 ($3.92) and gave the company a “hold” rating in a research report on Wednesday, March 13th. Finally, Peel Hunt lifted their price objective on Forterra from GBX 295 ($3.85) to GBX 325 ($4.25) and gave the company an “add” rating in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Forterra currently has an average rating of “Hold” and a consensus price target of GBX 336.40 ($4.40).

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About Forterra

Forterra plc manufactures and sells masonry products in the United Kingdom. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete, concrete block paving, and chimney and roofing solutions, as well as precast concrete flooring products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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