Forterra (LON:FORT) Stock Crosses Below 50-Day Moving Average – What’s Next?

Shares of Forterra plc (LON:FORT) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 151.96 and traded as low as GBX 134.60. Forterra shares last traded at GBX 134.80, with a volume of 523,303 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FORT shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 204 price objective on shares of Forterra in a report on Wednesday, May 20th. Berenberg Bank cut their price objective on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 209.83.

Forterra Trading Down 5.0%

The firm has a market cap of £264.26 million, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75. The business’s 50 day moving average price is GBX 151.96 and its 200-day moving average price is GBX 169.48. 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 earnings results 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%. Equities analysts expect that Forterra plc will post 11.9888346 EPS 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.