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Forterra ( (GB:FORT) ) has shared an update.
Forterra has reported a significant 82% increase in adjusted profit before tax for the first half of the year, driven by strong revenue growth from its exposure to volume housebuilders. The company has raised its profit forecast for the full year and increased its interim dividend by 90%, reflecting a positive outlook and reduced debt levels.
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 Neutral.
Forterra’s overall stock score reflects a mix of stable financial performance, neutral technical indicators, and positive corporate developments. The company’s strengths lie in its stable equity base and recent revenue growth. However, the pressure on profitability and increased leverage are concerning. The technical analysis suggests a cautious approach, while corporate events provide optimism for future growth.
To see Spark’s full report on GB:FORT stock, click here.
More about Forterra
Forterra is the UK’s second-largest brickmaker, operating in the construction industry with a focus on supplying volume housebuilders. The company is well-positioned to benefit from market recovery due to its strategic investments.
Average Trading Volume: 708,723
Technical Sentiment Signal: Buy
Current Market Cap: £392.2M
See more insights into FORT stock on TipRanks’ Stock Analysis page.