Forterra PLC’s (FORT) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their buy rating on shares of Forterra PLC (LON:FORT) in a research note released on Wednesday. The firm currently has a GBX 235 ($2.90) price objective on the stock.

A number of other equities research analysts have also recently commented on FORT. Davy Research reissued a neutral rating on shares of Forterra PLC in a research note on Thursday, November 17th. Numis Securities Ltd reissued a buy rating and issued a GBX 225 ($2.78) price objective on shares of Forterra PLC in a research note on Friday, January 13th. Finally, Deutsche Bank AG reissued a buy rating and issued a GBX 259 ($3.20) price objective on shares of Forterra PLC in a research note on Thursday, January 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 229.40 ($2.83).

Shares of Forterra PLC (LON:FORT) opened at 207.50 on Wednesday. The company’s market cap is GBX 415.83 million. The company has a 50-day moving average price of GBX 198.21 and a 200-day moving average price of GBX 180.98. Forterra PLC has a 1-year low of GBX 110.00 and a 1-year high of GBX 215.00.

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The company also recently disclosed a dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be paid a GBX 3.80 ($0.05) dividend. This represents a yield of 1.84%. The ex-dividend date of this dividend is Thursday, June 15th. This is a boost from Forterra PLC’s previous dividend of $2.00.

In other news, insider Stephen Harrison acquired 1,500 shares of Forterra PLC stock in a transaction on Friday, March 17th. The stock was purchased at an average price of GBX 207 ($2.56) per share, with a total value of £3,105 ($3,834.75).

Forterra PLC Company Profile

Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.

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