Forterra (LON:FORT) Reaches New 12-Month Low - What's Next?

Key Points

• Forterra hit a new 52-week low, trading as low as GBX 150.80 and last at GBX 157.55 on volume of 1,123,318 shares, remaining below its 50‑day (GBX 175.14) and 200‑day (GBX 178.93) moving averages.
• Analysts maintain a consensus of Moderate Buy (four Buys, two Holds) with an average target of GBX 236, though Jefferies recently cut its target to GBX 216 while keeping a Buy rating.
• Fundamentals include a market cap of £330.6m, a P/E of 19.7 and PEG of 0.30, with quarterly EPS of GBX 12.60, a 7.33% ROE and a 4.40% net margin.

Forterra plc (LON:FORT - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 150.80 and last traded at GBX 157.55, with a volume of 1123318 shares trading hands. The stock had previously closed at GBX 158.60.

Analyst Upgrades and Downgrades

FORT has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price target on shares of Forterra from GBX 219 to GBX 216 and set a "buy" rating on the stock in a research report on Monday, February 9th. Berenberg Bank reiterated a "hold" rating and set a GBX 220 price target on shares of Forterra in a research report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Forterra presently has a consensus rating of "Moderate Buy" and an average target price of GBX 236.

Forterra Stock Performance

The stock has a market cap of £330.63 million, a PE ratio of 19.69, a price-to-earnings-growth ratio of 0.30 and a beta of 0.67. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The business has a 50 day moving average price of GBX 175.14 and a two-hundred day moving average price of GBX 178.93.

Forterra (LON:FORT - Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. As a group, equities research 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.

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