Forterra (LON:FORT) Hits New 1-Year Low – What’s Next?

Shares of Forterra plc (LON:FORT) hit a new 52-week low on Thursday . The company traded as low as GBX 126.40 and last traded at GBX 127.80, with a volume of 1110816 shares. The stock had previously closed at GBX 134.80.

Analyst Ratings Changes

Several research firms have recently commented on FORT. Deutsche Bank Aktiengesellschaft decreased their price objective on Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada decreased their price objective on Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Berenberg Bank decreased their price objective on Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a report on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 204 price objective on shares of Forterra in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 209.83.

Forterra Stock Performance

The stock has a market cap of £263.85 million, a P/E ratio of 15.98, a P/E/G ratio of 0.30 and a beta of 0.75. The company has a fifty day moving average price of GBX 151.96 and a 200 day moving average price of GBX 169.48. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

Forterra (LON:FORT) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. On average, equities analysts expect that Forterra plc will post 11.9888346 EPS for the current year.

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.