Forterra (LON:FORT) Shares Down 1% – Time to Sell?

Shares of Forterra plc (LON:FORT) were down 1% during mid-day trading on Wednesday . The company traded as low as GBX 171.96 ($2.16) and last traded at GBX 178 ($2.24). Approximately 115,916 shares changed hands during trading, a decline of 71% from the average daily volume of 399,781 shares. The stock had previously closed at GBX 179.80 ($2.26).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 170 ($2.14) price objective on shares of Forterra in a research note on Wednesday, August 7th.

Forterra Stock Up 1.1 %

The stock has a market capitalization of £372.42 million, a price-to-earnings ratio of 4,525.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 62.10. The stock has a 50 day moving average price of GBX 181.19 and a 200 day moving average price of GBX 175.13.

About Forterra

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.