Forterra plc (LON:FORT - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 140.28 and traded as low as GBX 135. Forterra shares last traded at GBX 139.53, with a volume of 317,173 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Royal Bank Of Canada dropped their target price on Forterra from GBX 195 to GBX 180 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. Berenberg Bank reiterated a "hold" rating and set a GBX 170 price target on shares of Forterra in a research report on Wednesday, July 29th. Jefferies Financial Group lifted their price target on shares of Forterra from GBX 160 to GBX 181 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 250 price objective on shares of Forterra in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 202.20.
Get Our Latest Analysis on FORT
Forterra Stock Performance
The stock has a market cap of £281.73 million, a PE ratio of 15.33, a P/E/G ratio of 0.30 and a beta of 0.73. The company has a fifty day moving average price of GBX 140.28 and a 200 day moving average price of GBX 151.11. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 43.78.
Forterra (LON:FORT - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported GBX 5.10 earnings per share for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. Analysts expect that Forterra plc will post 11.9888346 earnings per share for the current year.
Insider Activity at Forterra
In related news, insider Nigel Lingwood acquired 25,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 133 per share, for a total transaction of £33,250. Also, insider Neil Ash acquired 11,500 shares of the company's stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of GBX 133 per share, with a total value of £15,295. Insiders acquired 54,000 shares of company stock valued at $7,164,500 in the last quarter. Corporate insiders own 0.47% of the company's stock.
Forterra Company Profile
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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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