Forterra (LON:FORT) Stock Price Up 11% - Time to Buy?

Key Points

• Forterra's stock price increased by 11% during mid-day trading, reaching up to GBX 215 ($2.87) before closing at GBX 204 ($2.73).
• The company has a market cap of £418.98 million and reported a net margin of 2.46% with a return on equity of 3.76% for the last quarter.
• Analysts at Peel Hunt have restated an "add" rating for Forterra and set a price target of GBX 190 ($2.54) for the stock.

Forterra plc (LON:FORT - Get Free Report)'s stock price was up 11% during mid-day trading on Tuesday . The company traded as high as GBX 215 ($2.87) and last traded at GBX 204 ($2.73). Approximately 4,258,317 shares were traded 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).

Analysts Set New Price Targets

Separately, Peel Hunt restated an "add" rating and set a GBX 190 ($2.54) target price on shares of Forterra in a report on Tuesday.

Forterra Stock Performance

The stock has a market cap of £418.98 million, a price-to-earnings ratio of 53.18, a PEG ratio of 0.30 and a beta of 1.25. 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's fifty day moving average is GBX 193.94 and its 200-day moving average is GBX 176.43.

Forterra (LON:FORT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) EPS for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. On average, analysts forecast 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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