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.
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