Forterra (LON:FORT) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Forterra plc (LON:FORT) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 135.77 and traded as high as GBX 148.20. Forterra shares last traded at GBX 147, with a volume of 808,114 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FORT. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 160 price target on shares of Forterra in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 250 price target on shares of Forterra in a research report on Wednesday, July 29th. Royal Bank Of Canada lowered their target price on Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 170 target price on shares of Forterra in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Forterra has an average rating of “Moderate Buy” and a consensus price target of GBX 198.

Forterra Price Performance

The company has a market capitalization of £302.72 million, a P/E ratio of 18.45, a P/E/G ratio of 0.30 and a beta of 0.73. The company’s 50-day simple moving average is GBX 135.77 and its 200 day simple moving average is GBX 156.38. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 43.78.

Forterra (LON:FORT) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 5.10 EPS for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. As a group, sell-side analysts expect that Forterra plc will post 11.9888346 earnings per share for the current fiscal year.

Insider Transactions at Forterra

In related news, insider Neil Ash acquired 11,500 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of GBX 133 per share, for a total transaction of £15,295. Also, insider Nigel Lingwood purchased 25,000 shares of Forterra stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 133 per share, for a total transaction of £33,250. In the last three months, insiders purchased 54,000 shares of company stock worth $7,164,500. 0.46% of the stock is currently owned by insiders.

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.