Forterra’s (FORT) “Add” Rating Reiterated at Peel Hunt

Peel Hunt reiterated their add rating on shares of Forterra (LON:FORT) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also weighed in on the stock. Berenberg Bank reaffirmed a hold rating and set a GBX 300 ($3.92) target price on shares of Forterra in a report on Wednesday, May 29th. Numis Securities raised shares of Forterra to a buy rating and cut their target price for the company from GBX 365 ($4.77) to GBX 350 ($4.57) in a report on Thursday, May 16th. Finally, Jefferies Financial Group lowered shares of Forterra to a hold rating in a report on Tuesday, June 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Forterra has a consensus rating of Hold and an average target price of GBX 325 ($4.25).

FORT traded down GBX 9.50 ($0.12) during trading on Monday, hitting GBX 261 ($3.41). 83,079 shares of the stock traded hands, compared to its average volume of 275,467. The company has a debt-to-equity ratio of 58.64, a quick ratio of 0.81 and a current ratio of 1.20. The firm has a market cap of $523.15 million and a P/E ratio of 9.78. The business’s 50 day moving average is GBX 289.18. Forterra has a twelve month low of GBX 207 ($2.70) and a twelve month high of GBX 319 ($4.17).

The business also recently declared a dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 19th will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1.5%. The ex-dividend date is Thursday, September 19th. Forterra’s payout ratio is presently 0.30%.

In related news, insider Stephen Harrison sold 96,252 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of GBX 288 ($3.76), for a total value of £277,205.76 ($362,218.42).

About Forterra

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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Analyst Recommendations for Forterra (LON:FORT)

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