Forterra plc (LON:FORT) Announces Dividend of GBX 1

Forterra plc (LON:FORT) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 19th will be given a dividend of GBX 1 ($0.01) per share on Friday, October 11th. This represents a yield of 0.55%. The ex-dividend date is Thursday, September 19th. The official announcement can be viewed at this link.

Forterra Stock Performance

Shares of Forterra stock opened at GBX 176.60 ($2.27) on Thursday. The firm has a fifty day moving average of GBX 171.17 and a two-hundred day moving average of GBX 169.26. The company has a debt-to-equity ratio of 64.20, a quick ratio of 0.82 and a current ratio of 1.56. The stock has a market capitalization of £365.39 million, a price-to-earnings ratio of 2,903.33, a PEG ratio of 0.66 and a beta of 1.24. Forterra has a 52 week low of GBX 122.20 ($1.57) and a 52 week high of GBX 194.40 ($2.50).

Analyst Ratings Changes

A number of research firms have recently commented on FORT. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 162.60 ($2.09) price target on shares of Forterra in a research report on Thursday, June 27th. Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.19) target price on shares of Forterra in a report on Tuesday, May 21st. Finally, Royal Bank of Canada assumed coverage on shares of Forterra in a report on Thursday, July 4th. They issued an “outperform” rating and a GBX 210 ($2.70) price target for the company.

Forterra Company Profile

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.