Government aid to boost housebuilding could require at least half a billion more bricks by 2021, we estimate. This reinforces what we see as Forterra’s attractions to investors: a fundamental product, underpinned by long-term demand; a consolidated market; and conservative management. Forterra has, in our view, a particularly attractive risk-reward balance and an undemanding valuation relative to its peer group.
03 Mar 2017
A tonne of bricks
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A tonne of bricks
Forterra Plc (FORT:LON) | 173 -3.5 (-1.1%) | Mkt Cap: 367.7m
- Published:
03 Mar 2017 -
Author:
Alastair Stewart -
Pages:
62
Government aid to boost housebuilding could require at least half a billion more bricks by 2021, we estimate. This reinforces what we see as Forterra’s attractions to investors: a fundamental product, underpinned by long-term demand; a consolidated market; and conservative management. Forterra has, in our view, a particularly attractive risk-reward balance and an undemanding valuation relative to its peer group.