Forterra (LON:FORT) Hits New 1-Year Low – What’s Next?

Forterra plc (LON:FORT)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 126.40 and last traded at GBX 127.80, with a volume of 1110816 shares changing hands. The stock had previously closed at GBX 134.80.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FORT shares. Royal Bank Of Canada cut their target price on Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Berenberg Bank cut their target price on Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut their target price on Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Forterra presently has an average rating of “Moderate Buy” and an average target price of GBX 209.83.

Forterra Price Performance

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 business has a 50-day moving average price of GBX 151.96 and a 200 day moving average price of GBX 169.48. The stock has a market cap of £263.85 million, a PE ratio of 15.98, a PEG ratio of 0.30 and a beta of 0.75.

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