Forterra (NASDAQ:FRTA) received a $8.00 target price from investment analysts at Barclays in a report issued on Monday, January 8th. The firm currently has a “hold” rating on the construction company’s stock. Barclays’ target price suggests a potential downside of 22.71% from the company’s current price.
FRTA has been the subject of several other research reports. Zacks Investment Research raised shares of Forterra from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Royal Bank of Canada reissued a “hold” rating and issued a $9.00 price target on shares of Forterra in a report on Wednesday, November 15th. Stephens reissued an “equal weight” rating and issued a $9.00 price target (up from $4.00) on shares of Forterra in a report on Wednesday, November 15th. Citigroup upped their price target on shares of Forterra from $4.00 to $9.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, BidaskClub upgraded Forterra from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.50.
Shares of Forterra (NASDAQ FRTA) opened at $10.35 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.43 and a debt-to-equity ratio of 15.19. Forterra has a 12 month low of $3.02 and a 12 month high of $20.60.
A number of institutional investors have recently made changes to their positions in FRTA. Capital World Investors bought a new stake in Forterra during the second quarter worth approximately $25,249,000. Frontier Capital Management Co. LLC bought a new stake in shares of Forterra in the third quarter valued at approximately $9,813,000. Redwood Capital Management LLC bought a new stake in shares of Forterra in the second quarter valued at approximately $7,700,000. First Trust Advisors LP bought a new stake in shares of Forterra in the third quarter valued at approximately $4,129,000. Finally, SG Capital Management LLC bought a new stake in shares of Forterra in the third quarter valued at approximately $2,664,000. 99.85% of the stock is owned by hedge funds and other institutional investors.
Forterra Company Profile
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