Forterra plc (LON:FORT - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 174.81 ($2.34) and traded as high as GBX 180 ($2.41). Forterra shares last traded at GBX 177 ($2.37), with a volume of 130,890 shares.
Wall Street Analyst Weigh In
FORT has been the subject of several analyst reports. Jefferies Financial Group restated a "hold" rating and set a GBX 162.60 ($2.18) price target on shares of Forterra in a report on Thursday, June 27th. Royal Bank of Canada assumed coverage on Forterra in a research note on Thursday, July 4th. They set an "outperform" rating and a GBX 210 ($2.81) target price on the stock. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 170 ($2.28) price objective on shares of Forterra in a research note on Wednesday, August 7th.
Read Our Latest Stock Analysis on FORT
Forterra Trading Up 0.8 %
The stock's fifty day moving average price is GBX 174.73 and its 200 day moving average price is GBX 170.56. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 62.10. The stock has a market cap of £369.11 million, a P/E ratio of 4,460.00, a PEG ratio of 0.31 and a beta of 1.25.
Forterra Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, September 19th. Forterra's payout ratio is currently 7,500.00%.
About Forterra
(
Get Free Report)
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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