Forterra (LON:FORT) Sets New 52-Week Low – Should You Sell?

Shares of Forterra plc (LON:FORT) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 155 and last traded at GBX 160, with a volume of 6250401 shares. The stock had previously closed at GBX 159.60.

Analysts Set New Price Targets

Several research firms have recently commented on FORT. Jefferies Financial Group reduced their target price on Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a research note on Monday, February 9th. Berenberg Bank restated a “hold” rating and issued a GBX 220 price target on shares of Forterra in a research note on Thursday. Four equities 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.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 236.

Forterra Stock Down 1.9%

The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. The firm has a market capitalization of £331.13 million, a price-to-earnings ratio of 21.22, a P/E/G ratio of 0.30 and a beta of 0.67. The stock has a 50 day moving average of GBX 177.59 and a 200 day moving average of GBX 180.77.

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 return on equity of 7.33% and a net margin of 4.40%. As a group, analysts expect 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.