Forterra (LON:FORT) Trading Down 6.4% – Should You Sell?

Forterra plc (LON:FORT) shares traded down 6.4% on Tuesday . The stock traded as low as GBX 139 and last traded at GBX 140.20. 563,586 shares were traded during trading, a decline of 58% from the average session volume of 1,351,847 shares. The stock had previously closed at GBX 149.80.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research report on Wednesday. Berenberg Bank lowered their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research report on Wednesday. Royal Bank Of Canada lowered their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 209.83.

Forterra Stock Performance

The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. The company has a market cap of £288.21 million, a PE ratio of 17.30, a P/E/G ratio of 0.30 and a beta of 0.75. The stock’s 50 day simple moving average is GBX 159.09 and its two-hundred day simple moving average is GBX 173.95.

Forterra (LON:FORT) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. As a group, research analysts anticipate that Forterra plc will post 11.9888346 earnings per share for the current year.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.