Stock Buzzer: What Next for Forterra Inc Stock After Reaching All-Time High?

Stock Buzzer: What Next for Forterra Inc Stock After Reaching All Time High?

The stock of Forterra Inc (NASDAQ:FRTA) reached all time high today, Nov, 21 and still has $23.37 target or 23.00% above today’s $19.00 share price. This indicates more upside for the $1.16 billion company. This technical setup was reported by Barchart.com. If the $23.37 PT is reached, the company will be worth $266.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 4.97% or $0.9 during the last trading session, hitting $19. About 603,711 shares traded hands. Forterra Inc (NASDAQ:FRTA) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.

Forterra Inc (NASDAQ:FRTA) Ratings Coverage

Out of 7 analysts covering Forterra (NASDAQ:FRTA), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Forterra has been the topic of 7 analyst reports since November 14, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Monday, November 14. The stock of Forterra Inc (NASDAQ:FRTA) has “Hold” rating given on Monday, November 14 by Deutsche Bank. RBC Capital Markets initiated it with “Outperform” rating and $22 target price in Monday, November 14 report. SunTrust initiated it with “Buy” rating and $23 target price in Monday, November 14 report. The company was initiated on Monday, November 14 by Goldman Sachs. The stock of Forterra Inc (NASDAQ:FRTA) earned “Outperform” rating by Oppenheimer on Monday, November 14.

According to Zacks Investment Research, “Forterra, Inc. is a manufacturer of concrete and clay building products. It operates primarily in the United States, Canada and the United Kingdom. Forterra, Inc. is headquartered in Irving, Texas.”

More important recent Forterra Inc (NASDAQ:FRTA) news were published by: Prnewswire.com which released: “Forterra Announces Pricing Of Initial Public Offering At $18.00 Per Share” on October 19, 2016, also Prnewswire.com published article titled: “Forterra Announces Proposed Initial Public Offering”, Wsj.com published: “Jeld-Wen, Forterra Exploring Sales After Filing for IPOs” on August 10, 2016. More interesting news about Forterra Inc (NASDAQ:FRTA) was released by: Marketwatch.com and their article: “Forterra started at hold with $20 stock price target at Deutsche Bank” with publication date: August 18, 2016.

FRTA Company Profile

Forterra, Inc. is a maker of pipe and precast products. The Firm offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment