Forterra Inc (NASDAQ:FRTA) had its price target raised by Barclays PLC from $4.00 to $7.00 in a research note issued to investors on Tuesday. The brokerage currently has an equal weight rating on the construction company’s stock.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Forterra from a hold rating to a buy rating and set a $8.50 price target on the stock in a research note on Thursday, November 9th. Citigroup Inc. decreased their price target on shares of Forterra from $8.50 to $4.00 and set a buy rating on the stock in a research note on Monday, August 14th. ValuEngine upgraded shares of Forterra from a hold rating to a buy rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $10.00 price target on shares of Forterra in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $11.36.
Shares of Forterra (NASDAQ:FRTA) opened at $8.94 on Tuesday. Forterra has a one year low of $3.02 and a one year high of $22.76. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 15.19.
In other Forterra news, Director Chadwick S. Suss bought 12,125 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average cost of $4.60 per share, for a total transaction of $55,775.00. Following the transaction, the director now owns 12,125 shares of the company’s stock, valued at $55,775. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeff Bradley bought 25,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $3.97 per share, for a total transaction of $99,250.00. Following the completion of the transaction, the chief executive officer now directly owns 109,336 shares in the company, valued at approximately $434,063.92. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 151,574 shares of company stock worth $632,916. Corporate insiders own 0.33% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP purchased a new stake in shares of Forterra during the 3rd quarter valued at about $1,701,000. Brave Asset Management Inc. purchased a new stake in shares of Forterra during the 3rd quarter valued at about $163,000. Citadel Advisors LLC raised its position in shares of Forterra by 370.6% during the 3rd quarter. Citadel Advisors LLC now owns 62,761 shares of the construction company’s stock valued at $282,000 after buying an additional 49,425 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Forterra during the 3rd quarter valued at about $2,664,000. Finally, Ameriprise Financial Inc. raised its position in shares of Forterra by 125.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 792,324 shares of the construction company’s stock valued at $3,566,000 after buying an additional 440,300 shares in the last quarter.
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