Forterra plc (LON:FORT - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 173.02 ($2.26) and traded as high as GBX 177 ($2.31). Forterra shares last traded at GBX 176.60 ($2.31), with a volume of 180,699 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FORT. Berenberg Bank reissued a "hold" rating and issued a GBX 170 ($2.22) price objective on shares of Forterra in a report on Wednesday, August 7th. Royal Bank of Canada started coverage on shares of Forterra in a research report on Thursday, July 4th. They set an "outperform" rating and a GBX 210 ($2.74) price target for the company. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 162.60 ($2.12) price objective on shares of Forterra in a research note on Thursday, June 27th.
View Our Latest Stock Analysis on FORT
Forterra Price Performance
The stock's 50-day moving average price is GBX 173.21 and its 200 day moving average price is GBX 170.30. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 62.10. The firm has a market capitalization of £384.01 million, a price-to-earnings ratio of 4,640.00, a PEG ratio of 0.30 and a beta of 1.25.
Forterra Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 19th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 0.55%. Forterra's payout ratio is 7,500.00%.
Forterra Company Profile
(
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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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