Forterra (LON:FORT) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Forterra plc (LON:FORT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 164.01 and traded as low as GBX 137.60. Forterra shares last traded at GBX 138.40, with a volume of 193,921 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 204 target price on shares of Forterra in a report on Wednesday, May 20th. Royal Bank Of Canada lowered their price objective on Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Berenberg Bank dropped their price objective on Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Forterra currently has an average rating of “Moderate Buy” and an average price target of GBX 209.83.

Forterra Stock Performance

The stock has a 50 day moving average of GBX 142.04 and a 200 day moving average of GBX 164.01. The company has a market capitalization of £285.74 million, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75.

Insider Activity at Forterra

In other news, insider Neil Ash purchased 17,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of GBX 132 per share, for a total transaction of £23,100. Also, insider Nigel Lingwood acquired 25,000 shares of Forterra stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of GBX 133 per share, for a total transaction of £33,250. In the last 90 days, insiders have acquired 54,000 shares of company stock valued at $7,164,500. Company insiders own 0.45% of the company’s stock.

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.