Forterra PLC (FORT) Receives Consensus Rating of “Buy” from Brokerages

Shares of Forterra PLC (LON:FORT) have been assigned an average rating of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 348.13 ($4.89).

A number of research analysts have recently weighed in on FORT shares. Peel Hunt restated a “buy” rating and set a GBX 350 ($4.91) price target on shares of Forterra in a report on Wednesday, March 14th. Credit Suisse Group raised their price target on shares of Forterra from GBX 366 ($5.14) to GBX 378 ($5.31) and gave the company an “outperform” rating in a report on Friday, March 16th. Citigroup restated a “buy” rating and set a GBX 342 ($4.80) price target on shares of Forterra in a report on Monday, March 19th. Deutsche Bank restated a “buy” rating and set a GBX 330 ($4.63) price target on shares of Forterra in a report on Tuesday, January 30th. Finally, Numis Securities restated an “add” rating and set a GBX 335 ($4.70) price target on shares of Forterra in a report on Wednesday, March 14th.

How to Become a New Pot Stock Millionaire

FORT stock opened at GBX 290 ($4.07) on Friday. Forterra has a 12-month low of GBX 193.50 ($2.72) and a 12-month high of GBX 307.75 ($4.32).

The company also recently announced a dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 14th will be issued a GBX 6.40 ($0.09) dividend. This represents a yield of 2.13%. The ex-dividend date of this dividend is Thursday, June 14th. This is an increase from Forterra’s previous dividend of $3.10.

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Forterra 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.

Analyst Recommendations for Forterra (LON:FORT)

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