Forterra (LON:FORT) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Forterra plc (LON:FORT)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 151.96 and traded as low as GBX 134.60. Forterra shares last traded at GBX 134.80, with a volume of 523,303 shares traded.

Wall Street Analyst Weigh In

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

Forterra Trading Up 2.2%

The stock has a market cap of £269.59 million, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46. The company’s 50-day moving average price is GBX 150.77 and its 200 day moving average price is GBX 168.90.

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