Forterra (LON:FORT) Sets New 12-Month High - Time to Buy?

Forterra plc (LON:FORT - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 202 ($2.73) and last traded at GBX 201.50 ($2.72), with a volume of 566698 shares traded. The stock had previously closed at GBX 196.20 ($2.65).

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FORT. Berenberg Bank restated a "hold" rating and issued a GBX 170 ($2.30) price objective on shares of Forterra in a report on Wednesday, March 12th. Royal Bank of Canada boosted their price target on shares of Forterra from GBX 210 ($2.84) to GBX 220 ($2.97) and gave the stock an "outperform" rating in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Forterra from GBX 260 ($3.51) to GBX 320 ($4.32) and gave the stock a "buy" rating in a research report on Thursday, February 20th.

Forterra Trading Down 2.3%

The company has a market cap of £404.19 million, a price-to-earnings ratio of 51.31, a P/E/G ratio of 0.30 and a beta of 1.25. The business has a fifty day simple moving average of GBX 184.26 and a 200 day simple moving average of GBX 171.31. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58.

Forterra (LON:FORT - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. On average, equities analysts anticipate that Forterra plc will post 11.9888346 EPS for the current fiscal year.

Insider Buying and Selling at Forterra

In other Forterra news, insider Ben Guyatt sold 37,622 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of GBX 157 ($2.12), for a total transaction of £59,066.54 ($79,744.21). Also, insider Katherine Innes purchased 2,600 shares of the stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average price of GBX 173 ($2.34) per share, with a total value of £4,498 ($6,072.63). 6.91% of the stock is currently owned by insiders.

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.