Forterra (LON:FORT) Sets New 12-Month High - Still a Buy?

Forterra plc (LON:FORT - Get Free Report) reached a new 52-week high during trading 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 trading hands. The stock had previously closed at GBX 198.40 ($2.70).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their price objective on shares of Forterra from GBX 210 ($2.85) to GBX 220 ($2.99) and gave the company an "outperform" rating in a research note on Thursday, March 13th.

Forterra Stock Down 0.6%

The business's 50 day moving average is GBX 193.02 and its 200-day moving average is GBX 173.85. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The company has a market cap of £405.01 million, a PE ratio of 51.41, a P/E/G ratio of 0.30 and a beta of 1.25.

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.