Forterra (LON:FORT) Shares Cross Above 50-Day Moving Average of $174.81

Forterra plc (LON:FORT) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 174.81 ($2.34) and traded as high as GBX 180 ($2.41). Forterra shares last traded at GBX 177 ($2.37), with a volume of 130,890 shares traded.

Analyst Ratings Changes

FORT has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 ($2.28) price target on shares of Forterra in a research report on Wednesday, August 7th. Royal Bank of Canada began coverage on Forterra in a research report on Thursday, July 4th. They issued an “outperform” rating and a GBX 210 ($2.81) price objective for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 162.60 ($2.18) target price on shares of Forterra in a research report on Thursday, June 27th.

Forterra Stock Up 0.8 %

The stock has a market capitalization of £369.11 million, a price-to-earnings ratio of 4,460.00, a price-to-earnings-growth ratio of 0.31 and a beta of 1.25. The firm has a 50 day simple moving average of GBX 174.73 and a 200-day simple moving average of GBX 170.56. The company has a debt-to-equity ratio of 62.10, a current ratio of 1.79 and a quick ratio of 0.82.

Forterra Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 19th will be given a dividend of GBX 1 ($0.01) per share. 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 currently 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.