Forterra (FRTA) Given a $8.00 Price Target at Barclays

Forterra (NASDAQ:FRTA) has been given a $8.00 target price by stock analysts at Barclays in a research note issued to investors on Monday. The brokerage presently has a “hold” rating on the construction company’s stock. Barclays’ price objective points to a potential downside of 30.07% from the stock’s previous close.

Other research analysts also recently issued reports about the company. BidaskClub upgraded Forterra from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $3.50 target price on shares of Forterra in a research note on Tuesday, October 10th. ValuEngine downgraded Forterra from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Citigroup lifted their target price on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded Forterra from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Forterra has a consensus rating of “Hold” and a consensus target price of $11.50.

Shares of Forterra (FRTA) traded up $0.09 during midday trading on Monday, hitting $11.44. The stock had a trading volume of 852,700 shares, compared to its average volume of 671,917. The company has a debt-to-equity ratio of 15.19, a current ratio of 2.56 and a quick ratio of 1.43. Forterra has a one year low of $3.02 and a one year high of $20.60. The company has a market cap of $729.56 and a P/E ratio of -6.77.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP bought a new stake in Forterra in the 3rd quarter valued at $1,701,000. Brave Asset Management Inc. bought a new stake in Forterra in the 3rd quarter valued at $163,000. Citadel Advisors LLC boosted its stake in Forterra by 370.6% in the 3rd quarter. Citadel Advisors LLC now owns 62,761 shares of the construction company’s stock valued at $282,000 after purchasing an additional 49,425 shares during the period. SG Capital Management LLC bought a new stake in Forterra in the 3rd quarter valued at $2,664,000. Finally, Ameriprise Financial Inc. boosted its stake in Forterra by 125.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 792,324 shares of the construction company’s stock valued at $3,566,000 after purchasing an additional 440,300 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Forterra (FRTA) Given a $8.00 Price Target at Barclays” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/01/10/forterra-frta-given-a-8-00-price-target-at-barclays.html.

About Forterra

Analyst Recommendations for Forterra (NASDAQ:FRTA)

Receive News & Ratings for Forterra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit