Forterra (LON:FORT) Sets New 1-Year High - Should You Buy?

Forterra plc (LON:FORT - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 202.68 ($2.76) 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).

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FORT. Berenberg Bank reaffirmed a "hold" rating and set a GBX 170 ($2.31) price objective on shares of Forterra in a report on Wednesday, March 12th. 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 stock an "outperform" rating in a report on Thursday, March 13th.

Forterra Price Performance

The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The company's 50 day moving average is GBX 192.52 and its 200 day moving average is GBX 173.39. The firm has a market capitalization of £410.76 million, a price-to-earnings ratio of 52.14, 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.

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