Forterra (LON:FORT) Hits New 52-Week Low – What’s Next?

Forterra plc (LON:FORT)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 145.40 and last traded at GBX 149.80, with a volume of 387435 shares trading hands. The stock had previously closed at GBX 150.20.

Analyst Ratings Changes

A number of research firms recently issued reports on FORT. Berenberg Bank reissued a “hold” rating and set a GBX 220 target price on shares of Forterra in a research note on Thursday, March 26th. Jefferies Financial Group reduced their price target on shares of Forterra from GBX 219 to GBX 204 and set a “buy” rating for the company in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 234.

Forterra Stock Down 0.3%

The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The company has a market capitalization of £311.90 million, a price-to-earnings ratio of 18.73, a PEG ratio of 0.30 and a beta of 0.77. The firm has a 50-day moving average price of GBX 160.71 and a two-hundred day moving average price of GBX 174.81.

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

About Forterra

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.