Forterra (LON:FORT) Reaches New 12-Month Low – What’s Next?

Shares of Forterra plc (LON:FORT) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 150.80 and last traded at GBX 157.55, with a volume of 1123318 shares. The stock had previously closed at GBX 158.60.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group dropped their price target on Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a research note on Monday, February 9th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 220 price target on shares of Forterra in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 236.

Forterra Price Performance

The business has a 50 day moving average of GBX 175.14 and a 200 day moving average of GBX 178.93. The company has a market cap of £330.63 million, a PE ratio of 19.69, a price-to-earnings-growth ratio of 0.30 and a beta of 0.67. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

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