Forterra Inc (FRTA) Rating Reiterated by Royal Bank of Canada

Forterra Inc (NASDAQ:FRTA)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a note issued to investors on Friday. They currently have a $23.00 price objective on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 30.02% from the stock’s current price.

A number of other equities research analysts also recently weighed in on FRTA. Zacks Investment Research downgraded Forterra from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Barclays PLC assumed coverage on Forterra in a research report on Thursday, January 5th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.86.

Analyst Recommendations for Forterra (NASDAQ:FRTA)

Shares of Forterra (NASDAQ:FRTA) opened at 17.69 on Friday. The stock’s 50 day moving average is $19.04 and its 200 day moving average is $19.10. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 91.66. Forterra has a 52-week low of $16.24 and a 52-week high of $22.76.

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Large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Forterra during the fourth quarter worth $109,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Forterra during the fourth quarter valued at $410,000. Marshall Wace LLP acquired a new stake in shares of Forterra during the fourth quarter valued at $551,000. Peregrine Asset Advisers Inc. acquired a new stake in shares of Forterra during the fourth quarter valued at $676,000. Finally, BlueMar Capital Management LLC acquired a new stake in shares of Forterra during the fourth quarter valued at $882,000. 3.99% of the stock is currently owned by institutional investors.

About Forterra

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