Forterra (LON:FORT) Shares Down 6.4% – What’s Next?
by Renee Jackson · The Cerbat GemForterra plc (LON:FORT – Get Free Report)’s stock price was down 6.4% on Tuesday . The stock traded as low as GBX 139 and last traded at GBX 140.20. Approximately 563,586 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 1,351,847 shares. The stock had previously closed at GBX 149.80.
Analyst Ratings Changes
Several equities analysts recently weighed in on FORT shares. Jefferies Financial Group cut their price target on shares of Forterra from GBX 219 to GBX 204 and set a “buy” rating on the stock in a report on Monday, April 20th. Berenberg Bank restated a “hold” rating and issued a GBX 220 price objective on shares of Forterra in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Forterra currently has an average rating of “Moderate Buy” and a consensus price target of GBX 234.
View Our Latest Stock Analysis on Forterra
Forterra Trading Down 7.1%
The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. The company has a 50-day simple moving average of GBX 160.18 and a 200 day simple moving average of GBX 174.58. The firm has a market cap of £289.83 million, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77.
Forterra (LON:FORT – Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. As a group, sell-side analysts forecast that Forterra plc will post 11.9888346 earnings per share for the current fiscal 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.