Forterra Inc (FRTA) Given Consensus Recommendation of “Hold” by Brokerages
Forterra Inc (NASDAQ:FRTA) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.36.
FRTA has been the topic of several recent research reports. Royal Bank Of Canada restated a “hold” rating and set a $10.00 target price on shares of Forterra in a report on Wednesday, August 9th. Zacks Investment Research raised Forterra from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Stephens reaffirmed an “equal weight” rating and issued a $9.00 price target (up from $4.00) on shares of Forterra in a research report on Wednesday, November 15th. ValuEngine raised Forterra from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Citigroup raised their price target on Forterra from $4.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, November 10th.
In other Forterra news, Director Chadwick S. Suss purchased 12,125 shares of the stock in a transaction dated Tuesday, September 12th. The shares were bought at an average cost of $4.60 per share, with a total value of $55,775.00. Following the completion of the transaction, the director now owns 12,125 shares in the company, valued at approximately $55,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chris Meyer purchased 62,500 shares of the stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of $4.03 per share, for a total transaction of $251,875.00. Following the completion of the transaction, 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 bought 151,574 shares of company stock worth $632,916. 0.33% of the stock is currently owned by company insiders.
Forterra (NASDAQ:FRTA) traded down $0.31 during midday trading on Thursday, reaching $9.49. The company’s stock had a trading volume of 994,000 shares, compared to its average volume of 865,703. Forterra has a one year low of $3.02 and a one year high of $22.76. The company has a debt-to-equity ratio of 15.19, a quick ratio of 1.43 and a current ratio of 2.56.
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