Forterra plc (LON:FORT - Get Free Report) insider Katherine Innes acquired 2,600 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was acquired at an average cost of GBX 173 ($2.25) per share, for a total transaction of £4,498 ($5,840.80).
Forterra Trading Up 0.9 %
Shares of FORT stock opened at GBX 174.60 ($2.27) on Thursday. Forterra plc has a fifty-two week low of GBX 146.40 ($1.90) and a fifty-two week high of GBX 200.50 ($2.60). The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The firm has a market capitalization of £358.59 million, a P/E ratio of 45.52, a PEG ratio of 0.30 and a beta of 1.25. The stock's fifty day moving average is GBX 160.78 and its two-hundred day moving average is GBX 170.01.
Forterra (LON:FORT - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. Research analysts expect that Forterra plc will post 11.9888346 earnings per share for the current fiscal year.
Forterra Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 12th will be given a GBX 2 ($0.03) dividend. This represents a yield of 1.24%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Forterra's previous dividend of $1.00. Forterra's payout ratio is 78.21%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on FORT. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 170 ($2.21) target price on shares of Forterra in a research note on Wednesday, March 12th. Royal Bank of Canada raised their price target on shares of Forterra from GBX 210 ($2.73) to GBX 220 ($2.86) and gave the company an "outperform" rating in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Forterra from GBX 260 ($3.38) to GBX 320 ($4.16) and gave the company a "buy" rating in a report on Thursday, February 20th.
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About Forterra
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Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won't be far from a building with a Forterra product within its fabric.
Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.
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