Forterra (LON:FORT) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Forterra plc (LON:FORT) shares 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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a report on Monday, February 9th. Berenberg Bank reissued a “hold” rating and set a GBX 220 target price 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 236.

Forterra Stock Performance

The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46. The company has a market cap of £335.23 million, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.30 and a beta of 0.67. The company’s 50 day moving average price is GBX 175.55 and its 200-day moving average price is GBX 179.27.

Forterra (LON:FORT) last posted 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%. Equities research analysts anticipate 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.