Forterra (LON:FORT) Hits New 52-Week High - Here's Why

Shares of Forterra plc (LON:FORT - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 202.68 ($2.75) and last traded at GBX 200 ($2.72), with a volume of 1556425 shares traded. The stock had previously closed at GBX 198.40 ($2.70).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FORT. Berenberg Bank reiterated a "hold" rating and set a GBX 170 ($2.31) price target on shares of Forterra in a research report on Wednesday, March 12th. Royal Bank Of Canada increased their price objective on Forterra from GBX 210 ($2.85) to GBX 220 ($2.99) and gave the company an "outperform" rating in a research report on Thursday, March 13th.

Forterra Stock Down 0.8%

The company has a 50-day moving average price of GBX 192.80 and a 200 day moving average price of GBX 173.61. The firm has a market capitalization of £407.47 million, a PE ratio of 51.72, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

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.