Berenberg Bank Reaffirms “Hold” Rating for Forterra (LON:FORT)

Berenberg Bank restated their hold rating on shares of Forterra (LON:FORT) in a report released on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 170 ($2.16) target price on the stock.

Forterra Price Performance

Forterra stock opened at GBX 164 ($2.08) on Tuesday. The firm has a market cap of £339.32 million, a PE ratio of 2,733.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24. Forterra has a 52-week low of GBX 122.20 ($1.55) and a 52-week high of GBX 198.80 ($2.53). The company has a quick ratio of 0.82, a current ratio of 1.56 and a debt-to-equity ratio of 64.20. The company’s 50 day moving average is GBX 166.89 and its two-hundred day moving average is GBX 165.06.

Forterra Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 13th will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 1.14%. Forterra’s dividend payout ratio (DPR) is presently 6,666.67%.

Insiders Place Their Bets

In other Forterra news, insider Ben Guyatt sold 59,298 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of GBX 173 ($2.20), for a total transaction of £102,585.54 ($130,383.25). 9.57% of the stock is owned by company insiders.

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.