Forterra (LON:FORT) Hits New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

Forterra Stock Down 0.3%

The firm has a market cap of £311.90 million, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77. The firm’s 50 day moving average is GBX 160.71 and its two-hundred day moving average is GBX 174.81. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75.

Forterra (LON:FORT) last posted its earnings results 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, research analysts anticipate 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.