Forterra plc (LON:FORT – Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 175.95 ($2.32) and traded as high as GBX 182.20 ($2.41). Forterra shares last traded at GBX 175.20 ($2.31), with a volume of 236,023 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.25) price objective on shares of Forterra in a report on Wednesday, August 7th. Royal Bank of Canada started coverage on shares of Forterra in a report on Thursday, July 4th. They issued an “outperform” rating and a GBX 210 ($2.77) price target on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 162.60 ($2.15) price objective on shares of Forterra in a report on Thursday, June 27th.
View Our Latest Report on FORT
Forterra Stock Performance
Forterra Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.55%. Forterra’s payout ratio 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.
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