Press coverage about Forterra (NASDAQ:FRTA) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forterra earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.2425758625064 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Forterra Inc : Forterra, Q3 Financial Results and Analysts Targets (4-traders.com)
- Forterra Inc (FRTA) Given New $7.00 Price Target at Barclays PLC (americanbankingnews.com)
- FORTERRA INC (FRTA) Given New $9.00 Price Target at Citigroup Inc. (americanbankingnews.com)
A number of research analysts recently weighed in on the stock. Stephens restated an “equal weight” rating and set a $9.00 price objective (up previously from $4.00) on shares of Forterra in a research report on Wednesday. Royal Bank Of Canada restated a “hold” rating and set a $9.00 price objective on shares of Forterra in a research report on Wednesday. Barclays PLC increased their price objective on shares of Forterra from $4.00 to $7.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 14th. Citigroup Inc. increased their price objective on shares of Forterra from $4.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Forterra from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.36.
Shares of Forterra (NASDAQ FRTA) opened at $8.94 on Friday. Forterra has a twelve month low of $3.02 and a twelve month 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 other Forterra news, Director Chadwick S. Suss bought 12,125 shares of Forterra stock in a transaction on Tuesday, September 12th. The stock was acquired at an average cost of $4.60 per share, with a total value of $55,775.00. Following the completion of the acquisition, the director now owns 12,125 shares in the company, valued at $55,775. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris Meyer bought 62,500 shares of Forterra stock in a transaction on Monday, September 11th. The shares were acquired at an average cost of $4.03 per share, with a total value of $251,875.00. Following the completion of the acquisition, the director now owns 62,500 shares of the company’s stock, valued at approximately $251,875. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 151,574 shares of company stock valued at $632,916. 0.33% of the stock is owned by corporate insiders.
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Forterra Company Profile
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