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

Forterra plc (LON:FORT) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 150.40 and last traded at GBX 151.40, with a volume of 662950 shares trading hands. The stock had previously closed at GBX 154.60.

Wall Street Analyst Weigh In

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

Forterra Trading Down 2.1%

The firm has a market cap of £315.23 million, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. The company’s fifty day moving average price is GBX 163.37 and its two-hundred day moving average price is GBX 175.72.

Forterra (LON:FORT) last issued 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%. As a group, sell-side analysts predict that Forterra plc will post 11.9888346 EPS 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.