Forterra (FORT) Sets New 12-Month Low at $263.50
Forterra PLC (LON:FORT) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 263.50 ($3.43) and last traded at GBX 263.50 ($3.43), with a volume of 1133197 shares changing hands. The stock had previously closed at GBX 267.50 ($3.48).
Several equities research analysts have issued reports on FORT shares. Deutsche Bank reissued a “buy” rating and issued a GBX 357 ($4.65) price objective on shares of Forterra in a research report on Thursday, July 12th. Peel Hunt reissued a “buy” rating on shares of Forterra in a research report on Tuesday, May 22nd. Numis Securities raised shares of Forterra to a “buy” rating in a research report on Thursday, August 30th. Berenberg Bank boosted their price objective on shares of Forterra from GBX 340 ($4.43) to GBX 350 ($4.56) and gave the company a “buy” rating in a research report on Monday, June 4th. Finally, Citigroup reissued a “neutral” rating and issued a GBX 350 ($4.56) price objective (up from GBX 342 ($4.45)) on shares of Forterra in a research report on Wednesday, May 23rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 358.57 ($4.67).
The business also recently disclosed a dividend, which will be paid on Thursday, October 11th. Shareholders of record on Thursday, September 20th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, September 20th. This represents a yield of 1.11%.
Forterra plc manufactures and sells masonry products in the United Kingdom. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete, concrete block paving, and chimney and roofing solutions, as well as precast concrete flooring products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.
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