Fletcher Building Limited (Australia) Stock Rating Reaffirmed by Credit Suisse (FBU)
Fletcher Building Limited (Australia) (ASX:FBU)‘s stock had its “underweight” rating restated by stock analysts at Credit Suisse in a report issued on Tuesday, American Banking & Market News reports.
Fletcher Building Limited (ASX:FBU) remained flat at A$8.250 during trading on Tuesday. The stock had a trading volume of 268,520 shares. Fletcher Building Limited has a 52 week low of A$5.380 and a 52 week high of A$8.370. The stock’s 50-day moving average is A$7.58 and its 200-day moving average is A$7.20. The company has a market cap of A$5.636 billion and a price-to-earnings ratio of 21.26.
Fletcher Building Limited is a building materials manufacturer. The Company operates in seven divisions: Building Products, which includes plasterboard group, insulation group, roof tile group and single businesses; Concrete, which includes concrete new Zealand and concrete Australia; Construction; Crane, which includes pipelines, crane distribution Australia, crane distribution New Zealand and industrial products; Distribution; Laminates & Panels, and Steel, which includes coated steel, long steel and distribution.
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