Forterra (LON:FORT) Share Price Passes Below 50-Day Moving Average – What’s Next?

Forterra plc (LON:FORT)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 181.07 and traded as low as GBX 180. Forterra shares last traded at GBX 181.60, with a volume of 255,988 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FORT shares. Peel Hunt restated an “add” rating and issued a GBX 230 price objective on shares of Forterra in a research report on Tuesday, November 11th. Jefferies Financial Group lowered their price target on Forterra from GBX 261 to GBX 208 and set a “buy” rating on the stock in a report on Monday, October 20th. Finally, Royal Bank Of Canada dropped their price target on Forterra from GBX 250 to GBX 220 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 234.67.

Forterra Price Performance

The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The firm has a fifty day simple moving average of GBX 181.07 and a two-hundred day simple moving average of GBX 184.86. The firm has a market cap of £383.44 million, a PE ratio of 24.57, a PEG ratio of 0.30 and a beta of 1.25.

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.