Forterra Inc (FRTA) Coverage Initiated at Citigroup Inc.
Citigroup Inc. started coverage on shares of Forterra Inc (NASDAQ:FRTA) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $22.00 price target on the stock. Citigroup Inc.’s target price indicates a potential upside of 20.02% from the company’s current price.
Several other research analysts have also recently weighed in on FRTA. Royal Bank Of Canada started coverage on Forterra in a research report on Monday. They set an “outperform” rating and a $22.00 price objective for the company. Goldman Sachs Group Inc. started coverage on Forterra in a research report on Monday. They set a “neutral” rating and a $21.00 price target for the company. Finally, RBC Capital Markets started coverage on Forterra in a research report on Monday. They set an “outperform” rating and a $22.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $21.86.
Forterra (NASDAQ:FRTA) opened at 18.33 on Monday. The firm has a 50-day moving average price of $17.29 and a 200 day moving average price of $17.29. Forterra has a 12 month low of $16.24 and a 12 month high of $19.23.
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