Forterra (LON:FORT) Stock Price Up 11% - Still a Buy?

Key Points

• Forterra plc (LON:FORT) experienced an impressive 11% increase in stock price, trading as high as GBX 215 ($2.87) during mid-day trading.
• Analysts from Peel Hunt reissued an "add" rating for Forterra with a price target of GBX 190 ($2.54), indicating continued bullish sentiment towards the stock.
• Forterra reported a net margin of 2.46% and earnings per share of GBX 5.80 ($0.08) for the last quarter, with expectations of nearly 12 EPS for the current year.

Forterra plc (LON:FORT - Get Free Report) rose 11% during trading on Tuesday . The stock traded as high as GBX 215 ($2.87) and last traded at GBX 204 ($2.73). Approximately 4,258,317 shares changed hands during mid-day trading, an increase of 385% from the average daily volume of 878,666 shares. The stock had previously closed at GBX 183.80 ($2.46).

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued an "add" rating and issued a GBX 190 ($2.54) price target on shares of Forterra in a research note on Tuesday.

Forterra Stock Up 11.0%

The firm has a 50 day simple moving average of GBX 193.94 and a two-hundred day simple moving average of GBX 176.43. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The stock has a market cap of £418.98 million, a price-to-earnings ratio of 53.18, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. As a group, sell-side analysts expect 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.

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