Forterra PLC (FORT) Hits New 52-Week High at $296.25

Forterra PLC (LON:FORT) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 296.25 ($3.89) and last traded at GBX 296.25 ($3.89), with a volume of 109,071 shares changing hands. The stock had previously closed at GBX 295 ($3.88).

A number of research analysts have recently issued reports on the stock. Jefferies Group LLC lifted their target price on shares of Forterra PLC from GBX 380 ($5.00) to GBX 390 ($5.13) and gave the company a “buy” rating in a research note on Tuesday, September 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Forterra PLC in a research note on Monday, August 14th. Berenberg Bank lifted their target price on shares of Forterra PLC from GBX 320 ($4.21) to GBX 340 ($4.47) and gave the company a “buy” rating in a research note on Tuesday, August 8th. Peel Hunt reiterated a “buy” rating and issued a GBX 330 ($4.34) target price on shares of Forterra PLC in a research note on Tuesday, August 1st. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 320 ($4.21) price target on shares of Forterra PLC in a report on Thursday, July 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Forterra PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 309.29 ($4.07).

The business also recently disclosed a dividend, which was paid on Thursday, October 12th. Investors of record on Thursday, September 21st were paid a GBX 3.10 ($0.04) dividend. This represents a yield of 1.13%. The ex-dividend date of this dividend was Thursday, September 21st.

In related news, insider Martin Sutherland acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price of GBX 279 ($3.67) per share, with a total value of £20,925 ($27,511.18).

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Forterra PLC Company Profile

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.

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