Forterra PLC (FORT) Given “Buy” Rating at Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Forterra PLC (LON:FORT) in a research note issued to investors on Monday, July 17th.

Other analysts also recently issued research reports about the company. Berenberg Bank started coverage on Forterra PLC in a research note on Friday, May 12th. They set a buy rating and a GBX 320 ($4.17) target price on the stock. Citigroup Inc. lifted their target price on Forterra PLC from GBX 222 ($2.89) to GBX 233 ($3.03) and gave the company a buy rating in a research note on Tuesday, March 21st. Jefferies Group LLC reaffirmed a buy rating and set a GBX 370 ($4.82) target price on shares of Forterra PLC in a research note on Monday, June 26th. Peel Hunt lifted their target price on Forterra PLC from GBX 260 ($3.39) to GBX 330 ($4.30) and gave the company a buy rating in a research note on Monday, June 19th. Finally, BNP Paribas reissued an outperform rating and issued a GBX 300 ($3.91) price objective on shares of Forterra PLC in a research note on Thursday, May 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 293.75 ($3.83).

Shares of Forterra PLC (LON FORT) opened at 268.00 on Monday. The firm’s market cap is GBX 536.00 million. Forterra PLC has a 1-year low of GBX 144.50 and a 1-year high of GBX 295.75. The company has a 50-day moving average of GBX 263.28 and a 200-day moving average of GBX 231.63.

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The business also recently announced a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 21st will be given a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 21st.

In related news, insider Martin Sutherland bought 7,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of GBX 279 ($3.63) per share, with a total value of £20,925 ($27,249.64).

About Forterra PLC

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 PLC (LON:FORT)

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