Forterra Inc (NASDAQ:FRTA) had its target price lifted by Barclays PLC from $4.00 to $7.00 in a research report report published on Tuesday. The firm currently has an equal weight rating on the construction company’s stock.
A number of other equities analysts have also weighed in on FRTA. Zacks Investment Research upgraded shares of Forterra from a hold rating to a buy rating and set a $8.50 target price for the company in a research report on Thursday, November 9th. Citigroup Inc. upped their target price on shares of Forterra from $4.00 to $9.00 and gave the stock a buy rating in a research report on Friday, November 10th. Royal Bank Of Canada upped their target price on shares of Forterra from $3.50 to $8.00 and gave the stock a market perform rating in a research report on Thursday, November 9th. Finally, ValuEngine lowered shares of Forterra from a hold rating to a sell rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $11.36.
Shares of Forterra (FRTA) traded down $0.69 during trading hours on Tuesday, hitting $8.26. 1,323,100 shares of the company were exchanged, compared to its average volume of 866,930. 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 12-month low of $3.02 and a 12-month high of $22.76.
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In other Forterra news, Director John R. Mcpherson purchased 23,449 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $4.29 per share, with a total value of $100,596.21. Following the completion of the purchase, the director now directly owns 24,579 shares in the company, valued at $105,443.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark D. Carpenter purchased 16,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average cost of $4.48 per share, for a total transaction of $73,920.00. Following the purchase, the insider now owns 34,461 shares of the company’s stock, valued at $154,385.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 151,574 shares of company stock worth $632,916. 0.33% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. purchased a new stake in Forterra during the first quarter valued at $217,000. Voya Investment Management LLC purchased a new stake in Forterra during the second quarter valued at $104,000. Rhumbline Advisers raised its stake in Forterra by 28.7% during the second quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock valued at $161,000 after purchasing an additional 4,365 shares in the last quarter. Taylor Asset Management Inc. purchased a new stake in Forterra during the second quarter valued at $240,000. Finally, Paradigm Capital Management Inc. NY purchased a new stake in Forterra during the third quarter valued at $137,000.
Forterra Company Profile
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