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

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

Forterra Price Performance

Shares of FORT opened at GBX 176.20 ($2.33) on Wednesday. Forterra has a twelve month low of GBX 122.20 ($1.61) and a twelve month high of GBX 194.40 ($2.57). The company has a market capitalization of £364.56 million, a P/E ratio of 4,510.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The firm has a 50 day moving average of GBX 176.03 and a 200 day moving average of GBX 170.42. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 62.10.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 162.60 ($2.15) price target on shares of Forterra in a research note on Thursday, June 27th. Royal Bank of Canada initiated coverage on shares of Forterra in a research note on Thursday, July 4th. They set an “outperform” rating and a GBX 210 ($2.77) target price on the stock. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 ($2.25) price target on shares of Forterra in a report on Wednesday, August 7th.

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.