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

Forterra plc (LON:FORT) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 200.50 ($2.60) and last traded at GBX 194.20 ($2.52), with a volume of 243815 shares. The stock had previously closed at GBX 193 ($2.50).

Wall Street Analyst Weigh In

FORT has been the subject of several recent analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 170 ($2.20) price objective on shares of Forterra in a research report on Wednesday, August 7th. Royal Bank of Canada initiated coverage on shares of Forterra in a research report on Thursday, July 4th. They set an “outperform” rating and a GBX 210 ($2.72) price objective for the company.

Forterra Price Performance

The stock has a market capitalization of £398.08 million, a P/E ratio of 4,775.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The business’s 50 day simple moving average is GBX 178.10 and its two-hundred day simple moving average is GBX 172.67. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 62.10.

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.