Forterra (LON:FORT) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Forterra shares fell below their 50-day moving average, reaching GBX 135.60 and last trading at GBX 137 on volume of about 9 million shares.
• Analysts remain generally positive, with four Buy ratings and one Hold rating. The consensus rating is “Moderate Buy,” with an average price target of GBX 202.20 versus the current price.
• Forterra reported quarterly earnings of GBX 5.10 per share, with a 7.98% return on equity and a 5.09% net margin; analysts expect full-year EPS of approximately GBX 11.99.

Forterra plc (LON:FORT - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 140.50 and traded as low as GBX 135.60. Forterra shares last traded at GBX 137, with a volume of 9,035,884 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Berenberg Bank reaffirmed a "hold" rating and set a GBX 170 price target on shares of Forterra in a research report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective on shares of Forterra from GBX 195 to GBX 180 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. Jefferies Financial Group upped their price objective on Forterra from GBX 160 to GBX 181 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 250 target price on shares of Forterra in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 202.20.

Forterra Trading Up 0.7%

The business's 50 day moving average is GBX 140.50 and its two-hundred day moving average is GBX 149.10. The firm has a market capitalization of £275.55 million, a P/E ratio of 15.05, a PEG ratio of 0.30 and a beta of 0.73. 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 EPS for the current year.

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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