Forterra (LON:FORT) Hits New 52-Week Low – What’s Next?

Forterra plc (LON:FORT) shares reached a new 52-week low during mid-day 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. The stock had previously closed at GBX 154.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Berenberg Bank restated a “hold” rating and issued a GBX 220 target price on shares of Forterra in a report on Thursday, March 26th. Jefferies Financial Group dropped their price target on shares of Forterra from GBX 219 to GBX 204 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 234.

Forterra Trading Down 2.1%

The company has a market capitalization of £315.23 million, a P/E ratio of 18.93, a P/E/G ratio of 0.30 and a beta of 0.77. The company has a 50-day simple moving average of GBX 163.37 and a 200 day simple moving average of GBX 175.72. 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 announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. Sell-side analysts expect that Forterra plc will post 11.9888346 earnings per share for the current 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.