Forterra (LON:FORT) Stock Passes Below 50 Day Moving Average of $172.32

Forterra plc (LON:FORTGet Free Report)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 172.32 ($2.16) and traded as low as GBX 166.60 ($2.09). Forterra shares last traded at GBX 169.80 ($2.13), with a volume of 1,071,069 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.13) price objective on shares of Forterra in a research report on Thursday, March 28th.

Read Our Latest Stock Analysis on FORT

Forterra Stock Up 0.2 %

The business’s 50-day moving average price is GBX 172.32 and its 200-day moving average price is GBX 159.29. The company has a quick ratio of 0.82, a current ratio of 1.56 and a debt-to-equity ratio of 64.20. The firm has a market capitalization of £362.19 million, a PE ratio of 2,850.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24.

Forterra Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 13th will be given a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, June 13th. Forterra’s dividend payout ratio (DPR) is 6,666.67%.

About Forterra

(Get Free Report)

Forterra plc manufactures and sells building products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke precast products comprising jetfloor, hollowcore, beam and block and flooring, box culverts, omnia bridge decks, and retaining walls; chimneys, roofing, and fuel system; special shaped bricks; paving; and façade system, including lightweight, brick slip cladding system, wonderwall, quickwall, and surebrick.

Further Reading

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