Ben Guyatt Sells 59,298 Shares of Forterra plc (LON:FORT) Stock

Forterra plc (LON:FORTGet Free Report) insider Ben Guyatt sold 59,298 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of GBX 173 ($2.17), for a total value of £102,585.54 ($128,779.24).

Forterra Stock Down 3.8 %

Forterra stock traded down GBX 6.40 ($0.08) during trading on Wednesday, reaching GBX 163.40 ($2.05). 881,380 shares of the company’s stock were exchanged, compared to its average volume of 332,732. The company’s 50-day moving average is GBX 172.32 and its two-hundred day moving average is GBX 159.29. The company has a debt-to-equity ratio of 64.20, a quick ratio of 0.82 and a current ratio of 1.56. Forterra plc has a 52-week low of GBX 122.20 ($1.53) and a 52-week high of GBX 207.50 ($2.60). The firm has a market cap of £347.72 million, a price-to-earnings ratio of 2,836.67, a PEG ratio of 0.66 and a beta of 1.24.

Forterra Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 13th will be given 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 6,666.67%.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.13) price objective on shares of Forterra in a report on Thursday, March 28th.

Read Our Latest Stock Report on Forterra

About Forterra

(Get Free Report)

Forterra plc manufactures and sells building 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 precast products comprising jetfloor, hollowcore, beam and block and flooring, box culverts, omnia bridge decks, and retaining walls; chimneys, roofing, and fuel system; special shaped bricks; paving; and façade system, including lightweight, brick slip cladding system, wonderwall, quickwall, and surebrick.

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