Insider Buying: Forterra plc (LON:FORT) Insider Acquires 1,726 Shares of Stock

Forterra plc (LON:FORTGet Rating) insider Stephen Harrison acquired 1,726 shares of the business’s stock in a transaction dated Tuesday, April 12th. The stock was purchased at an average cost of GBX 230 ($3.00) per share, for a total transaction of £3,969.80 ($5,173.05).

FORT stock opened at GBX 229.50 ($2.99) on Wednesday. Forterra plc has a 52-week low of GBX 197.40 ($2.57) and a 52-week high of GBX 330 ($4.30). The company has a quick ratio of 0.87, a current ratio of 1.26 and a debt-to-equity ratio of 7.28. The firm has a market cap of £515.76 million and a P/E ratio of 11.65. The company’s 50-day simple moving average is GBX 239.01 and its 200-day simple moving average is GBX 257.49.

The firm also recently disclosed a dividend, which will be paid on Friday, July 8th. Shareholders of record on Thursday, June 16th will be issued a GBX 6.70 ($0.09) dividend. This is a positive change from Forterra’s previous dividend of $3.20. This represents a yield of 3%. The ex-dividend date is Thursday, June 16th. Forterra’s dividend payout ratio (DPR) is presently 0.30%.

A number of equities research analysts recently commented on FORT shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 280 ($3.65) target price on shares of Forterra in a research report on Monday, January 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 340 ($4.43) price objective on shares of Forterra in a report on Friday, March 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Forterra currently has an average rating of “Buy” and a consensus target price of GBX 319.50 ($4.16).

About Forterra (Get Rating)

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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