Forterra (LON:FORT) Reaches New 52-Week High – What’s Next?

by · The Cerbat Gem

Forterra plc (LON:FORT – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 200.50 ($2.60) and last traded at GBX 194.20 ($2.52), with a volume of 243815 shares traded. The stock had previously closed at GBX 193 ($2.50).

Analyst Upgrades and Downgrades

Several brokerages recently commented on FORT. Royal Bank of Canada assumed coverage on Forterra in a research note on Thursday, July 4th. They issued an “outperform” rating and a GBX 210 ($2.72) price target on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 170 ($2.20) target price on shares of Forterra in a report on Wednesday, August 7th.

View Our Latest Analysis on Forterra

Forterra Stock Performance

The stock has a 50-day moving average of GBX 177.34 and a 200 day moving average of GBX 172.29. The company has a debt-to-equity ratio of 62.10, a quick ratio of 0.82 and a current ratio of 1.79. The firm has a market capitalization of £401.80 million, a P/E ratio of 4,770.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Forterra Company Profile

(Get Free Report)

Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.

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