Forterra (LON:FORT) Receives Buy Rating from Citigroup

Citigroup reissued their buy rating on shares of Forterra (LON:FORT) in a research note released on Thursday, May 3rd.

Several other brokerages also recently weighed in on FORT. Credit Suisse Group lifted their target price on Forterra from GBX 366 ($4.96) to GBX 378 ($5.13) and gave the company an outperform rating in a research note on Friday, March 16th. Berenberg Bank reissued a buy rating and issued a GBX 340 ($4.61) price target on shares of Forterra in a report on Friday, March 16th. Peel Hunt reissued a buy rating and issued a GBX 350 ($4.75) price target on shares of Forterra in a report on Wednesday, March 14th. Numis Securities reissued an add rating and issued a GBX 335 ($4.54) price target on shares of Forterra in a report on Wednesday, March 14th. Finally, Deutsche Bank reissued a buy rating and issued a GBX 330 ($4.48) price target on shares of Forterra in a report on Monday, January 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 348.13 ($4.72).

Forterra opened at GBX 327.50 ($4.44) on Thursday, MarketBeat.com reports. Forterra has a 52-week low of GBX 193.50 ($2.62) and a 52-week high of GBX 307.75 ($4.17).

The firm also recently declared a dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 14th will be paid a GBX 6.40 ($0.09) dividend. This is a boost from Forterra’s previous dividend of $3.10. The ex-dividend date of this dividend is Thursday, June 14th. This represents a dividend yield of 2.13%.

Forterra Company Profile

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.

Analyst Recommendations for Forterra (LON:FORT)

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