The stock of Forterra Inc (NASDAQ:FRTA) is a huge mover today! The stock increased 4.09% or $0.78 on November 25, hitting $19.85. About 240,503 shares traded hands. Forterra Inc (NASDAQ:FRTA) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 8 months positive chart setup for the $1.28B company. It was reported on Nov, 25 by Barchart.com. We have $21.64 PT which if reached, will make NASDAQ:FRTA worth $115.20M more.
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 rating was initiated by Oppenheimer with “Outperform” on Monday, November 14. The rating was initiated by Deutsche Bank on Monday, November 14 with “Hold”. As per Monday, November 14, the company rating was initiated by Citigroup. The rating was initiated by Goldman Sachs with “Neutral” on Monday, November 14. The firm has “Outperform” rating given on Monday, November 14 by RBC Capital Markets. The firm earned “Buy” rating on Monday, November 14 by SunTrust.
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 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 the news titled: “Forterra Announces Proposed Initial Public Offering” on October 07, 2016. Marketwatch.com‘s news article titled: “Forterra started at hold with $20 stock price target at Deutsche Bank” with publication date: August 18, 2016 was also an interesting one.
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.
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