Forterra Reports Strong Revenue Growth Amid Housebuilding Surge

Forterra ( (GB:FORT) ) has provided an update.

Forterra plc has reported a 22% year-over-year increase in revenue for the first four months of FY25, driven by strong performances in its divisions and an uplift in housebuilding. Despite the positive start, the company maintains conservative expectations for the year, with potential for upgrades if current momentum continues.

The most recent analyst rating on (GB:FORT) stock is a Hold with a £170.00 price target. To see the full list of analyst forecasts on Forterra stock, see the GB:FORT Stock Forecast page.

Spark’s Take on GB:FORT Stock

According to Spark, TipRanks’ AI Analyst, GB:FORT is a Outperform.

Forterra’s overall score is bolstered by positive corporate events and stable technical indicators. The company’s strategic initiatives and improved cash flow generation enhance its outlook, despite challenges in profitability and leverage. Valuation remains fair, with a reasonable P/E ratio and dividend yield. However, the lack of current earnings call data limits a more comprehensive assessment.

To see Spark’s full report on GB:FORT stock, click here.

More about Forterra

Forterra plc is Britain’s second largest brick manufacturer, operating within the construction materials industry. The company focuses on producing bricks and other building materials, primarily serving the housebuilding sector.

Average Trading Volume: 619,195

Technical Sentiment Signal: Buy

Current Market Cap: £398.1M

For an in-depth examination of FORT stock, go to TipRanks’ Stock Analysis page.