Insider Selling: Forterra PLC (LON:FORT) Insider Sells £43,503.36 in Stock

Forterra PLC (LON:FORT) insider Stephen Harrison sold 22,658 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of GBX 192 ($2.53), for a total transaction of £43,503.36 ($57,226.20).

Stephen Harrison also recently made the following trade(s):

  • On Thursday, March 12th, Stephen Harrison acquired 1,000 shares of Forterra stock. The stock was purchased at an average price of GBX 265 ($3.49) per share, with a total value of £2,650 ($3,485.92).

Shares of FORT opened at GBX 194.40 ($2.56) on Friday. The firm has a market cap of $369.44 million and a PE ratio of 8.20. The company has a current ratio of 1.36, a quick ratio of 0.79 and a debt-to-equity ratio of 53.71. The firm has a fifty day simple moving average of GBX 305.27 and a two-hundred day simple moving average of GBX 303.25. Forterra PLC has a 1-year low of GBX 227.50 ($2.99) and a 1-year high of GBX 407.50 ($5.36).

The business also recently announced a dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, June 18th. This is a positive change from Forterra’s previous dividend of $4.00. This represents a yield of 2.56%. Forterra’s payout ratio is currently 0.63%.

A number of equities analysts recently weighed in on the stock. Berenberg Bank boosted their price objective on shares of Forterra from GBX 300 ($3.95) to GBX 340 ($4.47) and gave the stock a “hold” rating in a report on Friday, January 24th. Deutsche Bank restated a “buy” rating on shares of Forterra in a report on Thursday, March 12th. Peel Hunt restated an “add” rating on shares of Forterra in a report on Tuesday, March 10th. Citigroup restated a “neutral” rating on shares of Forterra in a report on Monday, February 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Forterra from GBX 416 ($5.47) to GBX 313 ($4.12) and set a “buy” rating for the company in a report on Thursday, March 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 338.83 ($4.46).

Forterra Company Profile

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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