Forterra (LON:FORT) Sets New 52-Week Low - Should You Sell?

Key Points

• New 52-week low: Forterra shares fell to as low as GBX 153.83 and last traded at GBX 164 on heavy volume (~519,979 shares), below the prior close of GBX 164.60.
• Analyst sentiment: Four analysts rate the stock a Buy and two rate it Hold, giving a consensus rating of "Moderate Buy" with a consensus price target of GBX 236—well above the current share price.
• Financial profile: The company has a market cap of £345.9M, a P/E of 22.16 and last-quarter EPS of GBX 12.60, but shows modest profitability (net margin 4.16%, ROE 6.91%) with a quick ratio of 0.82 and debt-to-equity of 44.90, indicating some liquidity and leverage considerations.

Shares of Forterra plc (LON:FORT - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as GBX 153.83 and last traded at GBX 164, with a volume of 519979 shares trading hands. The stock had previously closed at GBX 164.60.

Analyst Ratings Changes

A number of brokerages have recently commented on FORT. Jefferies Financial Group reduced their target price on shares of Forterra from GBX 219 to GBX 216 and set a "buy" rating for the company in a research report on Monday, February 9th. Peel Hunt restated an "add" rating and set a GBX 230 price target on shares of Forterra in a research report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Forterra currently has an average rating of "Moderate Buy" and a consensus price target of GBX 236.

Forterra Stock Down 0.4%

The company has a debt-to-equity ratio of 44.90, a quick ratio of 0.82 and a current ratio of 1.61. The business has a 50 day simple moving average of GBX 182.76 and a 200-day simple moving average of GBX 183.07. The firm has a market capitalization of £345.90 million, a price-to-earnings ratio of 22.16, a P/E/G ratio of 0.30 and a beta of 0.67.

Forterra (LON:FORT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a net margin of 4.16% and a return on equity of 6.91%. On average, equities analysts expect that Forterra plc will post 11.9888346 EPS for the current 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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