Forterra Inc (FRTA) Given Average Recommendation of “Hold” by Brokerages

Forterra Inc (NASDAQ:FRTA) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.00.

A number of brokerages have weighed in on FRTA. Royal Bank of Canada reissued a “buy” rating and issued a $23.00 price target on shares of Forterra in a report on Friday. Zacks Investment Research downgraded shares of Forterra from a “hold” rating to a “sell” rating in a report on Monday, March 20th. Finally, Barclays PLC began coverage on shares of Forterra in a report on Thursday, January 5th. They issued an “overweight” rating for the company.

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Forterra (NASDAQ:FRTA) opened at 17.88 on Wednesday. The firm has a 50-day moving average of $19.08 and a 200 day moving average of $19.11. The company has a market cap of $1.14 billion and a PE ratio of 92.64. Forterra has a 52-week low of $16.24 and a 52-week high of $22.76.

Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. acquired a new position in Forterra during the fourth quarter worth approximately $109,000. Metropolitan Life Insurance Co. NY acquired a new position in Forterra during the fourth quarter worth approximately $410,000. Marshall Wace LLP acquired a new position in Forterra during the fourth quarter worth approximately $551,000. Peregrine Asset Advisers Inc. acquired a new position in Forterra during the fourth quarter worth approximately $676,000. Finally, BlueMar Capital Management LLC acquired a new position in Forterra during the fourth quarter worth approximately $882,000. 3.99% of the stock is owned by institutional investors.

Forterra Company Profile

5 Day Chart for NASDAQ:FRTA

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