Forterra (FRTA) Earns Coverage Optimism Rating of 0.15

News articles about Forterra (NASDAQ:FRTA) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forterra earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.3659838607345 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of analysts have recently issued reports on FRTA shares. Royal Bank Of Canada restated a “hold” rating and set a $10.00 price target on shares of Forterra in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Forterra from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Stephens restated an “equal weight” rating and set a $9.00 price target (up previously from $4.00) on shares of Forterra in a report on Wednesday, November 15th. ValuEngine upgraded shares of Forterra from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Citigroup raised their price target on shares of Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.36.

Shares of Forterra (NASDAQ:FRTA) opened at $9.35 on Monday. Forterra has a 1-year low of $3.02 and a 1-year high of $22.76. The company has a debt-to-equity ratio of 15.19, a current ratio of 2.56 and a quick ratio of 1.43.

In related news, Director John R. Mcpherson bought 23,449 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $4.29 per share, for a total transaction of $100,596.21. Following the acquisition, the director now owns 24,579 shares of the company’s stock, valued at $105,443.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeff Bradley bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $3.97 per share, with a total value of $99,250.00. Following the acquisition, 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. Insiders purchased a total of 151,574 shares of company stock valued at $632,916 in the last quarter. 0.33% of the stock is owned by insiders.

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Forterra Company Profile

Insider Buying and Selling by Quarter for Forterra (NASDAQ:FRTA)

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