Forterra (LON:FORT) Shares Cross Below Two Hundred Day Moving Average – What’s Next?
by Kim Johansen · The Markets DailyForterra plc (LON:FORT – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 179.36 and traded as low as GBX 157. Forterra shares last traded at GBX 158.94, with a volume of 5,325,912 shares trading hands.
Wall Street Analysts Forecast Growth
FORT has been the topic of a number of research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 220 price objective on shares of Forterra in a report on Thursday, March 26th. Jefferies Financial Group decreased their target price on Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 236.
Get Our Latest Stock Report on FORT
Forterra Trading Up 0.2%
The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The company’s fifty day moving average is GBX 175.55 and its 200-day moving average is GBX 179.36. The stock has a market cap of £335.23 million, a PE ratio of 21.48, a PEG ratio of 0.30 and a beta of 0.67.
Forterra (LON:FORT – Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. On average, analysts predict that Forterra plc will post 11.9888346 earnings per share for the current fiscal 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.