Forterra Inc (NASDAQ:FRTA) major shareholder John P. Grayken sold 262,224 shares of Forterra stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $17.01, for a total value of $4,460,430.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Forterra Inc (NASDAQ:FRTA) traded up 1.01% during mid-day trading on Thursday, reaching $19.07. 351,083 shares of the company’s stock traded hands. Forterra Inc has a 52-week low of $16.24 and a 52-week high of $19.53. The company has a market capitalization of $1.22 billion and a price-to-earnings ratio of 98.81. The company has a 50-day moving average of $17.59 and a 200-day moving average of $17.59.

Several brokerages recently issued reports on FRTA. Citigroup Inc. began coverage on Forterra in a research report on Monday, November 14th. They set a “buy” rating and a $22.00 price objective for the company. SunTrust Banks Inc. began coverage on Forterra in a research report on Monday, November 14th. They set a “buy” rating and a $23.00 price objective for the company. Goldman Sachs Group Inc. began coverage on Forterra in a research report on Monday, November 14th. They set a “neutral” rating and a $21.00 price objective for the company. RBC Capital Markets began coverage on Forterra in a research report on Monday, November 14th. They set an “outperform” rating and a $22.00 price objective for the company. Finally, Deutsche Bank AG began coverage on Forterra in a research report on Monday, November 14th. They set a “hold” rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Forterra has a consensus rating of “Buy” and a consensus price target of $21.86.

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