Katherine Innes Purchases 2,600 Shares of Forterra plc (LON:FORT) Stock

Forterra plc (LON:FORT - Get Free Report) insider Katherine Innes purchased 2,600 shares of the stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average cost of GBX 173 ($2.23) per share, for a total transaction of £4,498 ($5,797.89).

Forterra Price Performance

Shares of FORT traded down GBX 7.15 ($0.09) during mid-day trading on Monday, reaching GBX 160 ($2.06). The company had a trading volume of 756,813 shares, compared to its average volume of 1,111,848. The company's 50-day moving average is GBX 161.17 and its 200-day moving average is GBX 169.96. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The company has a market capitalization of £328.61 million, a P/E ratio of 41.71, a P/E/G ratio of 0.30 and a beta of 1.25. Forterra plc has a twelve month low of GBX 146.40 ($1.89) and a twelve month high of GBX 200.50 ($2.58).

Forterra (LON:FORT - Get Free Report) last issued its earnings results 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%. On average, equities analysts anticipate that Forterra plc will post 11.9888346 EPS for the current year.

Forterra Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FORT shares. Royal Bank of Canada increased their price target on shares of Forterra from GBX 210 ($2.71) to GBX 220 ($2.84) and gave the company an "outperform" rating in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Forterra from GBX 260 ($3.35) to GBX 320 ($4.12) and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 170 ($2.19) price objective on shares of Forterra in a research report on Wednesday, March 12th.

Forterra Company Profile

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.