Forterra (LON:FORT) Sets New 1-Year Low – Time to Sell?

Forterra plc (LON:FORT)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 153.83 and last traded at GBX 164, with a volume of 519979 shares traded. The stock had previously closed at GBX 164.60.

Wall Street Analysts Forecast Growth

FORT has been the topic of a number of research analyst reports. Peel Hunt restated an “add” rating and issued a GBX 230 target price on shares of Forterra in a research report on Tuesday, November 11th. Jefferies Financial Group lowered their price target on Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a report on Monday, February 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Forterra currently has a consensus rating of “Moderate Buy” and an average target price of GBX 236.

Forterra Stock Down 0.4%

The business has a 50 day simple moving average of GBX 182.76 and a 200 day simple moving average of GBX 183.07. The company has a market capitalization of £345.90 million, a price-to-earnings ratio of 22.16, a PEG ratio of 0.30 and a beta of 0.67. The company has a debt-to-equity ratio of 44.90, a current ratio of 1.61 and a quick ratio of 0.82.

Forterra (LON:FORT) last posted 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 6.91% and a net margin of 4.16%. As a group, equities analysts predict 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.