Forterra (LON:FORT) Hits New 1-Year Low – What’s Next?

Forterra plc (LON:FORT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 126.40 and last traded at GBX 127.80, with a volume of 1110816 shares trading hands. The stock had previously closed at GBX 134.80.

Wall Street Analyst Weigh In

FORT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. 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 note on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their price target on Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 209.83.

Forterra Stock Up 2.2%

The stock has a market cap of £269.59 million, a price-to-earnings ratio of 16.32, a PEG ratio of 0.30 and a beta of 0.73. The business’s 50 day moving average is GBX 150.77 and its 200-day moving average is GBX 168.90. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46.

Forterra (LON:FORT) last posted its quarterly earnings data 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%. On average, sell-side analysts predict that Forterra plc will post 11.9888346 EPS for the current fiscal 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.