Forterra (LON:FORT) Stock Price Down 1% – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Forterra Stock Up 1.1 %

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

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.