Forterra (LON:FORT) Hits New 12-Month High – What’s Next?

Forterra plc (LON:FORT) shares hit a new 52-week high during 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 trading hands. The stock had previously closed at GBX 193 ($2.50).

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FORT. Royal Bank of Canada initiated coverage on shares of Forterra in a research note on Thursday, July 4th. They issued an “outperform” rating and a GBX 210 ($2.72) target price on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 170 ($2.20) price target on shares of Forterra in a research note on Wednesday, August 7th.

Forterra Price Performance

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 stock has a market cap of £398.08 million, a P/E ratio of 4,775.00, a P/E/G ratio of 0.30 and a beta of 1.25. The stock’s fifty day simple moving average is GBX 178.10 and its 200-day simple moving average is GBX 172.67.

Forterra Company Profile

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.