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

Forterra plc (LON:FORT) insider Katherine Innes purchased 2,600 shares of the stock in a transaction on Tuesday, April 1st. The shares were acquired at an average price of GBX 173 ($2.24) per share, for a total transaction of £4,498 ($5,815.13).

Forterra Trading Up 0.9 %

Forterra stock traded up GBX 1.60 ($0.02) during mid-day trading on Wednesday, hitting GBX 174.60 ($2.26). The company’s stock had a trading volume of 268,822 shares, compared to its average volume of 1,040,137. The stock’s fifty day moving average is GBX 160.27 and its two-hundred day moving average is GBX 169.98. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The firm has a market capitalization of £358.59 million, a PE ratio of 45.52, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. Forterra plc has a 1 year low of GBX 146.40 ($1.89) and a 1 year high of GBX 200.50 ($2.59).

Forterra (LON:FORT) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. On average, analysts anticipate that Forterra plc will post 11.9888346 EPS for the current year.

Forterra Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on FORT. Royal Bank of Canada increased their price objective 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 upped their price target on Forterra from GBX 260 ($3.36) to GBX 320 ($4.14) and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 170 ($2.20) price objective on shares of Forterra in a research report on Wednesday, March 12th.

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.