The stock of Forterra Inc (NASDAQ:FRTA) reached all time high today, Dec, 1 and still has $20.59 target or 4.00% above today’s $19.80 share price. This indicates more upside for the $1.31 billion company. This technical setup was reported by Barchart.com. If the $20.59 PT is reached, the company will be worth $52.40M 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. About 62,132 shares traded hands. Forterra Inc (NASDAQ:FRTA) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% 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 stock of Forterra Inc (NASDAQ:FRTA) has “Hold” rating given on Monday, November 14 by Deutsche Bank. On Monday, November 14 the stock rating was initiated by RBC Capital Markets with “Outperform”. The firm has “Neutral” rating given on Monday, November 14 by Goldman Sachs. The firm has “Buy” rating given on Monday, November 14 by Citigroup. SunTrust initiated Forterra Inc (NASDAQ:FRTA) on Monday, November 14 with “Buy” rating. Oppenheimer initiated the stock with “Outperform” rating in Monday, November 14 report.
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”, Marketwatch.com published: “Forterra started at hold with $20 stock price target at Deutsche Bank” on August 18, 2016. More interesting news about Forterra Inc (NASDAQ:FRTA) was released by: Wsj.com and their article: “Jeld-Wen, Forterra Exploring Sales After Filing for IPOs” with publication date: August 10, 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.
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