Forterra (LON:FORT) Stock Passes Below Fifty Day Moving Average - Here's Why

Forterra plc (LON:FORT - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 159.73 ($2.06) and traded as low as GBX 152 ($1.96). Forterra shares last traded at GBX 155.20 ($2.00), with a volume of 287,146 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Forterra from GBX 260 ($3.35) to GBX 320 ($4.12) and gave the stock a "buy" rating in a report on Thursday, February 20th.

Forterra Price Performance

The firm has a fifty day moving average price of GBX 159.08 and a two-hundred day moving average price of GBX 171.36. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The stock has a market capitalization of £334.36 million, a P/E ratio of 42.44, a P/E/G ratio of 0.30 and a beta of 1.25.

About Forterra

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.