Forterra PLC (FORT) Price Target Raised to GBX 233

Forterra PLC (LON:FORT) had its price objective boosted by equities researchers at Citigroup Inc from GBX 222 ($2.74) to GBX 233 ($2.88) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup Inc’s price target points to a potential upside of 11.48% from the company’s previous close.

Other equities analysts have also issued reports about the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 235 ($2.90) price target on shares of Forterra PLC in a report on Wednesday, March 15th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 225 ($2.78) price target on shares of Forterra PLC in a report on Friday, January 13th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 259 ($3.20) price target on shares of Forterra PLC in a report on Thursday, January 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 229.40 ($2.83).

Analyst Recommendations for Forterra PLC (LON:FORT)

Forterra PLC (LON:FORT) opened at 208.00 on Tuesday. Forterra PLC has a one year low of GBX 110.00 and a one year high of GBX 215.00. The firm has a 50-day moving average price of GBX 198.21 and a 200-day moving average price of GBX 180.98. The firm’s market cap is GBX 416.83 million.

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

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In other Forterra PLC news, insider Stephen Harrison acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was bought 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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