Forterra plc (LON:FORT – Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 197.20 ($2.56) and last traded at GBX 191.40 ($2.49), with a volume of 235568 shares changing hands. The stock had previously closed at GBX 189.80 ($2.46).
Analyst Upgrades and Downgrades
Several analysts have commented on the company. Royal Bank of Canada assumed coverage on Forterra in a research note on Thursday, July 4th. They set an “outperform” rating and a GBX 210 ($2.73) target price on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 162.60 ($2.11) target price on shares of Forterra in a research report on Thursday, June 27th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 ($2.21) price target on shares of Forterra in a report on Wednesday, August 7th.
View Our Latest Analysis on Forterra
Forterra Trading Up 0.8 %
Forterra Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 19th were paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 0.55%. Forterra’s dividend payout ratio is presently 7,500.00%.
About Forterra
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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