Forterra (LON:FORT) Shares Down 6.4% – What’s Next?

Forterra plc (LON:FORT)’s stock price dropped 6.4% during mid-day trading on Tuesday . The company traded as low as GBX 139 and last traded at GBX 140.20. Approximately 563,586 shares changed hands during trading, a decline of 58% from the average daily volume of 1,351,847 shares. The stock had previously closed at GBX 149.80.

Wall Street Analysts Forecast Growth

FORT has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 220 target price on shares of Forterra in a research report on Thursday, March 26th. Jefferies Financial Group decreased their target price on Forterra from GBX 219 to GBX 204 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Forterra currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 234.

Forterra Stock Down 7.1%

The business has a fifty day simple moving average of GBX 160.18 and a two-hundred day simple moving average of GBX 174.58. 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 has a market cap of £289.83 million, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77.

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