Forterra (LON:FORT) Hits New 52-Week High – Should You Buy?

Forterra plc (LON:FORT)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 197.20 ($2.56) and last traded at GBX 191.40 ($2.49), with a volume of 235568 shares changing hands. The stock had previously closed at GBX 189.80 ($2.46).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FORT shares. 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 ($2.73) price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 162.60 ($2.11) price objective on shares of Forterra in a research report on Thursday, June 27th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 ($2.21) price target on shares of Forterra in a research report on Wednesday, August 7th.

Forterra Stock Up 0.8 %

The firm has a market cap of £396.01 million, a P/E ratio of 4,745.00, a PEG ratio of 0.30 and a beta of 1.25. The firm’s 50-day moving average price is GBX 175.26 and its 200 day moving average price is GBX 171.05. The company has a debt-to-equity ratio of 62.10, a current ratio of 1.79 and a quick ratio of 0.82.

Forterra Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 19th were paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 0.55%. Forterra’s payout ratio is 7,500.00%.

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.