Ben Guyatt Sells 37,622 Shares of Forterra plc (LON:FORT) Stock

Forterra plc (LON:FORT - Get Free Report) insider Ben Guyatt sold 37,622 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 157 ($2.09), for a total value of £59,066.54 ($78,566.83).

Forterra Trading Down 1.2 %

Shares of Forterra stock traded down GBX 2.20 ($0.03) during trading hours on Monday, reaching GBX 175 ($2.33). 111,229 shares of the company's stock were exchanged, compared to its average volume of 1,030,729. The firm has a market capitalization of £359.42 million, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. Forterra plc has a 52-week low of GBX 146.40 ($1.95) and a 52-week high of GBX 200.50 ($2.67). The company has a fifty day moving average of GBX 163.04 and a 200-day moving average of GBX 169.47.

Forterra (LON:FORT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) EPS for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. Sell-side analysts forecast that Forterra plc will post 11.9888346 EPS for the current fiscal year.

Forterra Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 12th will be given a dividend of GBX 2 ($0.03) per share. This is a boost from Forterra's previous dividend of $1.00. This represents a dividend yield of 1.24%. The ex-dividend date is Thursday, June 12th. Forterra's payout ratio is presently 78.21%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Berenberg Bank reiterated a "hold" rating and issued a GBX 170 ($2.26) price target on shares of Forterra in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Forterra from GBX 260 ($3.46) to GBX 320 ($4.26) and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada raised their price objective on Forterra from GBX 210 ($2.79) to GBX 220 ($2.93) and gave the company an "outperform" rating in a research note on Thursday, March 13th.

About Forterra

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won't be far from a building with a Forterra product within its fabric. Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.