Forterra (LON:FORT) Stock Price Up 11% - Should You Buy?

Key Points

• Forterra plc saw its stock price increase by 11% on Tuesday, closing at GBX 204 ($2.72) after reaching a high of GBX 215 ($2.87) during the day.
• Equities analysts have raised their target prices, with Royal Bank Of Canada projecting a price of GBX 250 ($3.34), while Citigroup set a target of GBX 210 ($2.80), indicating a positive outlook for the company.
• The company reported a net margin of 2.46% for its latest quarter, with analysts estimating an EPS of 11.99 for the current year.

Forterra plc (LON:FORT - Get Free Report) traded up 11% on Tuesday . The company traded as high as GBX 215 ($2.85) and last traded at GBX 204 ($2.71). 4,258,317 shares changed hands during trading, an increase of 385% from the average session volume of 878,666 shares. The stock had previously closed at GBX 183.80 ($2.44).

Analyst Upgrades and Downgrades

FORT has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Forterra from GBX 176 ($2.34) to GBX 210 ($2.79) and gave the company a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 320 ($4.25) price objective on shares of Forterra in a research report on Wednesday. Royal Bank Of Canada increased their price objective on shares of Forterra from GBX 220 ($2.92) to GBX 250 ($3.32) and gave the company an "outperform" rating in a report on Wednesday. Finally, Peel Hunt reissued an "add" rating and set a GBX 190 ($2.52) price target on shares of Forterra in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 228 ($3.03).

Forterra Trading Down 1.9%

The stock has a market cap of £405.83 million, a price-to-earnings ratio of 51.51, a P/E/G ratio of 0.30 and a beta of 1.25. The business's fifty day simple moving average is GBX 194.87 and its 200 day simple moving average is GBX 177.55. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

Forterra (LON:FORT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. On average, research analysts predict that Forterra plc will post 11.9888346 EPS for the current year.

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.