Forterra plc (LON:FORT - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 197.20 ($2.56) and last traded at GBX 191.40 ($2.49), with a volume of 235568 shares traded. The stock had previously closed at GBX 189.80 ($2.46).
Wall Street Analysts Forecast Growth
FORT has been the subject of several research analyst reports. Berenberg Bank restated a "hold" rating and set a GBX 170 ($2.21) price target on shares of Forterra in a research report on Wednesday, August 7th. Royal Bank of Canada started coverage on shares of Forterra in a report on Thursday, July 4th. They issued an "outperform" rating and a GBX 210 ($2.73) price objective for the company. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 162.60 ($2.11) price objective on shares of Forterra in a report on Thursday, June 27th.
Check Out Our Latest Research Report on Forterra
Forterra Price Performance
The company has a debt-to-equity ratio of 62.10, a quick ratio of 0.82 and a current ratio of 1.79. The company has a market cap of £396.01 million, a PE ratio of 4,785.00, a PEG ratio of 0.30 and a beta of 1.25. The company's 50-day simple moving average is GBX 175.76 and its 200 day simple moving average is GBX 171.29.
Forterra Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 19th were issued a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 0.55%. Forterra's payout ratio is 7,500.00%.
About Forterra
(
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Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.
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