Forterra (LON:FORT) Share Price Crosses Below Fifty Day Moving Average of $211.82

Posted by Joseph Casey on Mar 19th, 2023

Forterra plc (LON:FORT – Get Rating) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 211.82 ($2.58) and traded as low as GBX 199.40 ($2.43). Forterra shares last traded at GBX 201 ($2.45), with a volume of 285,111 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FORT. Numis Securities reissued a “buy” rating and set a GBX 300 ($3.66) target price on shares of Forterra in a research note on Thursday, March 9th. Berenberg Bank reissued a “hold” rating and set a GBX 250 ($3.05) target price on shares of Forterra in a research note on Thursday, March 9th.

Forterra Trading Down 1.2 %

The company has a debt-to-equity ratio of 26.40, a quick ratio of 0.82 and a current ratio of 1.12. The business has a 50-day simple moving average of GBX 211.82 and a two-hundred day simple moving average of GBX 218.02. The stock has a market cap of £427.73 million, a price-to-earnings ratio of 837.50, a P/E/G ratio of 0.66 and a beta of 1.28.

Forterra Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 15th will be given a dividend of GBX 10.10 ($0.12) per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a yield of 4.62%. This is an increase from Forterra’s previous dividend of $4.60. Forterra’s dividend payout ratio is 6,250.00%.

Forterra Company Profile

(Get Rating)

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.