Forterra PLC (FORT) Receives GBX 348.13 Average Price Target from Analysts

Shares of Forterra PLC (LON:FORT) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 349 ($4.87).

A number of analysts have commented on the company. Deutsche Bank reaffirmed a “buy” rating and set a GBX 330 ($4.60) price target on shares of Forterra in a research report on Monday, January 8th. Citigroup reaffirmed a “buy” rating on shares of Forterra in a research report on Thursday. Numis Securities reaffirmed an “add” rating and set a GBX 335 ($4.67) price target on shares of Forterra in a research report on Tuesday, February 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 340 ($4.74) price target on shares of Forterra in a research report on Friday, March 16th. Finally, Credit Suisse Group lifted their price target on Forterra from GBX 366 ($5.10) to GBX 378 ($5.27) and gave the stock an “outperform” rating in a research report on Friday, March 16th.

FORT stock traded down GBX 1 ($0.01) on Thursday, hitting GBX 317.50 ($4.43). 561,585 shares of the company’s stock were exchanged, compared to its average volume of 275,467. Forterra has a 12-month low of GBX 193.50 ($2.70) and a 12-month high of GBX 307.75 ($4.29).

The company also recently declared a dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, June 14th will be given a dividend of GBX 6.40 ($0.09) per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a yield of 2.13%. This is a boost from Forterra’s previous dividend of $3.10.

About Forterra

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.

Analyst Recommendations for Forterra (LON:FORT)

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