Forterra plc (LON:FORT – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 173.58 ($2.32) and traded as high as GBX 176 ($2.35). Forterra shares last traded at GBX 171.80 ($2.30), with a volume of 58,230 shares trading hands.
Analysts Set New Price Targets
Several research analysts have commented on FORT shares. Berenberg Bank restated a “hold” rating and issued a GBX 170 ($2.27) target price on shares of Forterra in a research note on Wednesday, August 7th. Jefferies Financial Group restated a “hold” rating and issued a GBX 162.60 ($2.17) price objective on shares of Forterra in a research report on Thursday, June 27th. Finally, Royal Bank of Canada began coverage on shares of Forterra in a report on Thursday, July 4th. They set an “outperform” rating and a GBX 210 ($2.81) target price on the stock.
Check Out Our Latest Research Report on Forterra
Forterra Price Performance
Forterra Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 19th will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, September 19th. Forterra’s dividend payout ratio (DPR) is 7,500.00%.
Forterra Company Profile
Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.
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