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

Forterra plc (LON:FORT)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 181.35 and traded as low as GBX 177.80. Forterra shares last traded at GBX 178.40, with a volume of 444,508 shares traded.

Analyst Ratings Changes

FORT has been the topic of a number of recent analyst reports. Peel Hunt restated an “add” rating and issued a GBX 230 price target on shares of Forterra in a research report on Tuesday, November 11th. Royal Bank Of Canada reduced their target price on Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Finally, Jefferies Financial Group decreased their price target on Forterra from GBX 261 to GBX 208 and set a “buy” rating on the stock in a research report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 234.67.

Forterra Price Performance

The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The company’s 50 day moving average price is GBX 181.35 and its 200 day moving average price is GBX 186.47. The firm has a market capitalization of £376.27 million, a P/E ratio of 24.11, a PEG ratio of 0.30 and a beta of 1.25.

Insider Buying and Selling

In other news, insider Nigel Lingwood acquired 50,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were purchased at an average cost of GBX 180 per share, for a total transaction of £90,000. Insiders own 0.45% of the company’s stock.

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.