Forterra plc (LON:FORT - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 173.58 ($2.32) and traded as high as GBX 176 ($2.35). Forterra shares last traded at GBX 171.80 ($2.30), with a volume of 58,230 shares trading hands.
Several research analysts have commented on FORT shares. Berenberg Bank restated a "hold" rating and issued a GBX 170 ($2.27) target price on shares of Forterra in a research note on Wednesday, August 7th. Jefferies Financial Group restated a "hold" rating and issued a GBX 162.60 ($2.17) price objective on shares of Forterra in a research report on Thursday, June 27th. Finally, Royal Bank of Canada began coverage on shares of Forterra in a report on Thursday, July 4th. They set an "outperform" rating and a GBX 210 ($2.81) target price on the stock.
Check Out Our Latest Research Report on Forterra
The business has a 50 day simple moving average of GBX 173.58 and a two-hundred day simple moving average of GBX 170.50. The firm has a market capitalization of £355.45 million, a P/E ratio of 4,295.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 62.10, a quick ratio of 0.82 and a current ratio of 1.79.
The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 19th will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, September 19th. Forterra's dividend payout ratio (DPR) is 7,500.00%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Forterra, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forterra wasn't on the list.
While Forterra currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.