Forterra (FORT) Given New GBX 300 Price Target at Berenberg Bank

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Forterra (LON:FORT) had its price objective upped by Berenberg Bank from GBX 290 ($3.79) to GBX 300 ($3.92) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the stock.

Separately, Peel Hunt boosted their price target on shares of Forterra from GBX 295 ($3.85) to GBX 325 ($4.25) and gave the company an add rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 340.83 ($4.45).

FORT stock opened at GBX 292 ($3.82) on Wednesday. Forterra has a 12 month low of GBX 193.50 ($2.53) and a 12 month high of GBX 307.75 ($4.02).

The company also recently declared a dividend, which will be paid on Thursday, July 4th. Stockholders of record on Thursday, June 13th will be issued a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a dividend yield of 2.47%. This is a positive change from Forterra’s previous dividend of $3.30.

Forterra Company Profile

Forterra plc manufactures and sells masonry products in the United Kingdom. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete, concrete block paving, and chimney and roofing solutions, as well as precast concrete flooring products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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Analyst Recommendations for Forterra (LON:FORT)

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