Forterra (LON:FORT) Hits New 52-Week Low – Here’s What Happened

Shares of Forterra plc (LON:FORT) hit a new 52-week low during trading on Monday . The company traded as low as GBX 145.40 and last traded at GBX 149.80, with a volume of 387435 shares trading hands. The stock had previously closed at GBX 150.20.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FORT shares. Royal Bank Of Canada cut their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a research note on Wednesday. Berenberg Bank cut their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 204 target price on shares of Forterra in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and two have assigned 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 target price of GBX 209.83.

Forterra Stock Performance

The stock’s fifty day moving average is GBX 159.61 and its two-hundred day moving average is GBX 174.27. The firm has a market capitalization of £286.08 million, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46.

Forterra (LON:FORT) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. Analysts forecast that Forterra plc will post 11.9888346 earnings per share for the current 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.