Forterra (LON:FORT) Earns Add Rating from Peel Hunt

Peel Hunt restated their add rating on shares of Forterra (LON:FORT) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on FORT. Berenberg Bank lowered their target price on Forterra from GBX 300 ($3.92) to GBX 290 ($3.79) and set a hold rating on the stock in a report on Monday, August 5th. Jefferies Financial Group cut Forterra to a hold rating in a report on Tuesday, June 25th.

Shares of Forterra stock opened at GBX 298.50 ($3.90) on Tuesday. The stock has a market cap of $598.32 million and a P/E ratio of 11.18. The stock’s 50 day simple moving average is GBX 279.77 and its 200-day simple moving average is GBX 286.62. Forterra has a 1-year low of GBX 207 ($2.70) and a 1-year high of GBX 407.50 ($5.32). The company has a debt-to-equity ratio of 58.64, a current ratio of 1.20 and a quick ratio of 0.81.

The firm also recently disclosed a dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were issued a GBX 4 ($0.05) dividend. This represents a yield of 1.5%. The ex-dividend date was Thursday, September 19th. Forterra’s dividend payout ratio is presently 0.30%.

About Forterra

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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