JMP Securities Increases Forestar Group Price Target to $29.00 (FOR)
Equities researchers at JMP Securities raised their target price on shares of Forestar Group (NYSE:FOR) from $28.00 to $29.00 in a research report issued on Monday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. JMP Securities’ price target would indicate a potential upside of 37.31% from the company’s current price.
A number of other analysts have also recently weighed in on FOR. Analysts at TheStreet downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Analysts at Zacks downgraded shares of Forestar Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $25.50 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.50.
Shares of Forestar Group (NYSE:FOR) traded up 0.67% on Monday, hitting $21.12. 135,884 shares of the company’s stock traded hands. Forestar Group has a 52 week low of $13.61 and a 52 week high of $25.12. The stock’s 50-day moving average is $20.90 and its 200-day moving average is $21.61. The company has a market cap of $732.0 million and a P/E ratio of 53.93.
Forestar Group Inc (NYSE:FOR) is a real estate and natural resources company.
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