Forterra (LON:FORT) Shares Pass Below 50-Day Moving Average – Should You Sell?

Forterra plc (LON:FORT) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 159.73 ($2.03) and traded as low as GBX 152 ($1.93). Forterra shares last traded at GBX 155.20 ($1.97), with a volume of 287,146 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Forterra from GBX 260 ($3.30) to GBX 320 ($4.07) and gave the stock a “buy” rating in a research note on Thursday, February 20th.

Forterra Trading Up 2.8 %

The business has a 50 day simple moving average of GBX 159.73 and a 200-day simple moving average of GBX 171.70. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The stock has a market capitalization of £327.79 million, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Forterra Company Profile

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.