Forterra (LON:FORT) Reaches New 12-Month Low – What’s Next?

Shares of Forterra plc (LON:FORT) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 153.83 and last traded at GBX 164, with a volume of 519979 shares traded. The stock had previously closed at GBX 164.60.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their price objective on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a research note on Monday, February 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 236.

Forterra Trading Down 1.5%

The company has a 50 day moving average of GBX 181.92 and a 200 day moving average of GBX 182.81. The firm has a market cap of £340.42 million, a P/E ratio of 21.81, a PEG ratio of 0.30 and a beta of 0.67. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46.

Forterra (LON:FORT) last issued its quarterly earnings data 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%. Analysts predict that Forterra plc will post 11.9888346 EPS for the current fiscal 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.