Forterra (LON:FORT) Trading Down 0.6% - Time to Sell?

Shares of Forterra plc (LON:FORT - Get Free Report) were down 0.6% on Friday . The stock traded as low as GBX 195.80 ($2.64) and last traded at GBX 197.20 ($2.66). Approximately 215,480 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 887,451 shares. The stock had previously closed at GBX 198.40 ($2.68).

Analysts Set New Price Targets

Separately, Royal Bank Of Canada boosted their target price on shares of Forterra from GBX 210 ($2.83) to GBX 220 ($2.97) and gave the company an "outperform" rating in a research note on Thursday, March 13th.

Forterra Stock Performance

The company has a market capitalization of £405.01 million, a PE ratio of 51.41, a PEG ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The company has a 50 day moving average price of GBX 193.20 and a 200 day moving average price of GBX 174.01.

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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