Forterra PLC (LON:FORT) insider Stephen Harrison sold 22,658 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 192 ($2.53), for a total value of £43,503.36 ($57,226.20).
Stephen Harrison also recently made the following trade(s):
- On Thursday, March 12th, Stephen Harrison acquired 1,000 shares of Forterra stock. The stock was purchased at an average cost of GBX 265 ($3.49) per share, for a total transaction of £2,650 ($3,485.92).
Shares of LON FORT opened at GBX 194.40 ($2.56) on Friday. The business’s 50 day moving average is GBX 305.27 and its two-hundred day moving average is GBX 303.25. The company has a debt-to-equity ratio of 53.71, a current ratio of 1.36 and a quick ratio of 0.79. Forterra PLC has a 1-year low of GBX 227.50 ($2.99) and a 1-year high of GBX 407.50 ($5.36). The stock has a market capitalization of $369.44 million and a P/E ratio of 8.20.
The business also recently disclosed a dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 2.56%. This is a positive change from Forterra’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, June 18th. Forterra’s dividend payout ratio (DPR) is presently 0.63%.
FORT has been the topic of several recent research reports. Deutsche Bank reaffirmed a “buy” rating on shares of Forterra in a report on Thursday, March 12th. Citigroup reissued a “neutral” rating on shares of Forterra in a report on Monday, February 24th. Peel Hunt restated an “add” rating on shares of Forterra in a research report on Tuesday, March 10th. Berenberg Bank upped their price target on shares of Forterra from GBX 300 ($3.95) to GBX 340 ($4.47) and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Forterra from GBX 416 ($5.47) to GBX 313 ($4.12) and set a “buy” rating for the company in a research report on Thursday, March 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Forterra presently has a consensus rating of “Buy” and a consensus target price of GBX 338.83 ($4.46).
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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