Forterra (LON:FORT) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Forterra plc (LON:FORT) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 137.27 and traded as low as GBX 134.80. Forterra shares last traded at GBX 135.20, with a volume of 965,039 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Berenberg Bank cut their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada reduced their price target on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 204 price target on shares of Forterra in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Forterra presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 209.83.

Forterra Price Performance

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 stock has a market capitalization of £277.29 million, a PE ratio of 16.90, a PEG ratio of 0.30 and a beta of 0.73. The company has a 50-day moving average of GBX 137.27 and a 200 day moving average of GBX 160.68.

Insider Buying and Selling at Forterra

In other Forterra news, insider Nigel Lingwood bought 25,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of GBX 133 per share, with a total value of £33,250. Also, insider Neil Ash bought 11,500 shares of Forterra stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of GBX 133 per share, with a total value of £15,295. In the last ninety days, insiders have acquired 54,000 shares of company stock worth $7,164,500. 0.46% of the stock is currently owned by corporate insiders.

About Forterra

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.