Forterra Inc (NASDAQ:FRTA)‘s stock had its “hold” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Wednesday. They presently have a $9.00 price objective on the construction company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 8.96% from the company’s current price.
FRTA has been the topic of several other reports. Citigroup Inc. increased their target price on shares of Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Forterra from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Barclays PLC lowered shares of Forterra from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $15.00 to $4.00 in a report on Friday, August 11th. Finally, ValuEngine lowered shares of Forterra from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.75.
Shares of Forterra (FRTA) opened at $8.26 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 15.19. Forterra has a twelve month low of $3.02 and a twelve month high of $22.76.
In other Forterra news, Director John R. Mcpherson bought 23,449 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $4.29 per share, with a total value of $100,596.21. Following the completion of the transaction, the director now owns 24,579 shares in the company, valued at $105,443.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori M. Browne bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average cost of $4.27 per share, with a total value of $42,700.00. Following the transaction, the insider now owns 27,057 shares of the company’s stock, valued at approximately $115,533.39. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 151,574 shares of company stock worth $632,916. 0.33% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors bought a new position in shares of Forterra in the 2nd quarter valued at about $25,249,000. Taylor Asset Management Inc. bought a new position in shares of Forterra in the 2nd quarter valued at about $240,000. Schwab Charles Investment Management Inc. grew its position in shares of Forterra by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 67,654 shares of the construction company’s stock valued at $1,320,000 after acquiring an additional 3,762 shares during the period. Adams Asset Advisors LLC bought a new position in shares of Forterra in the 3rd quarter valued at about $914,000. Finally, American International Group Inc. bought a new position in shares of Forterra in the 1st quarter valued at about $217,000.
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