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

Forterra plc (LON:FORT) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 150.40 and last traded at GBX 151.40, with a volume of 662950 shares traded. The stock had previously closed at GBX 154.60.

Analyst Ratings Changes

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

Forterra Stock Up 1.6%

The firm’s 50-day simple moving average is GBX 161.25 and its 200 day simple moving average is GBX 175.04. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46. The stock has a market capitalization of £315.65 million, a P/E ratio of 18.95, a PEG ratio of 0.30 and a beta of 0.77.

Forterra (LON:FORT) last issued 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 expect that Forterra plc will post 11.9888346 EPS for the current 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.