Berenberg Bank Reiterates Hold Rating for Forterra (LON:FORT)

Berenberg Bank reaffirmed their hold rating on shares of Forterra (LON:FORT) in a report published on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a GBX 170 ($2.17) price target on the stock.

A number of other analysts have also weighed in on FORT. Royal Bank of Canada began coverage on shares of Forterra in a research report on Thursday, July 4th. They issued an outperform rating and a GBX 210 ($2.68) price objective on the stock. Jefferies Financial Group reiterated a hold rating and issued a GBX 162.60 ($2.08) price target on shares of Forterra in a report on Thursday, June 27th.

Forterra Trading Down 0.5 %

Shares of FORT opened at GBX 165.80 ($2.12) on Wednesday. The company’s fifty day simple moving average is GBX 171.71 and its 200-day simple moving average is GBX 169.93. The company has a market cap of £343.04 million, a P/E ratio of 4,145.00, a P/E/G ratio of 0.45 and a beta of 1.26. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 62.10. Forterra has a twelve month low of GBX 122.20 ($1.56) and a twelve month high of GBX 194.40 ($2.48).

Forterra Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 19th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 0.55%. Forterra’s dividend payout ratio (DPR) is 7,500.00%.

About Forterra

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.