6.87% to Target, Citigroup Reconfirms “Neutral” Rating for Forterra (LON:FORT) Stock; Wabash National (WNC) Shorts Down By 6.27%

May 23, 2018 - By Matt Maslow

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Professional analysts at Citigroup have GBX 350.00 target price on Forterra (LON:FORT). Citigroup’s target price gives a potential upside of 6.87% from the company’s last price. The rating was revealed to clients and investors in a research note on Wednesday, 23 May.




Wabash National Corporation (NYSE:WNC) had a decrease of 6.27% in short interest. WNC’s SI was 9.34M shares in May as released by FINRA. Its down 6.27% from 9.96 million shares previously. With 571,400 avg volume, 16 days are for Wabash National Corporation (NYSE:WNC)’s short sellers to cover WNC’s short positions. The SI to Wabash National Corporation’s float is 16.18%. The stock decreased 1.53% or $0.32 during the last trading session, reaching $20.66. About 17,403 shares traded. Wabash National Corporation (NYSE:WNC) has risen 0.10% since May 23, 2017 and is uptrending. It has underperformed by 11.45% the S&P500.

Forterra plc manufactures and sells masonry products in the United Kingdom. The company has market cap of 655.08 million GBP. It offers bricks under the London Brick brand; aircrete blocks under the Thermalite brand; and aggregate blocks. It has a 14 P/E ratio. The firm also provides bespoke products comprising precast concrete under the Jetfloor brand, concrete block paving under the Formpave brand, and chimney and roofing solutions under the Red Bank brand, as well as engineered precast concrete flooring products.

The stock decreased 1.65% or GBX 5.5 during the last trading session, reaching GBX 327.5. About 108,407 shares traded. Forterra plc (LON:FORT) has 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 9 analysts covering Forterra Plc (LON:FORT), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Forterra Plc has GBX 390 highest and GBX 195 lowest target. GBX 4867.25’s average target is 1386.18% above currents GBX 327.5 stock price. Forterra Plc had 56 analyst reports since June 1, 2016 according to SRatingsIntel. The rating was maintained by Peel Hunt on Wednesday, November 22 with “Buy”. The rating was maintained by Peel Hunt on Tuesday, January 10 with “Buy”. Credit Suisse maintained it with “Outperform” rating and GBX 195 target in Friday, September 9 report. The rating was maintained by Peel Hunt on Wednesday, March 15 with “Buy”. The company was maintained on Friday, September 9 by Deutsche Bank. The stock of Forterra plc (LON:FORT) has “Buy” rating given on Friday, March 16 by Berenberg. The stock has “Buy” rating by Deutsche Bank on Wednesday, January 4. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 12. As per Monday, June 26, the company rating was maintained by Jefferies. Deutsche Bank maintained it with “Buy” rating and GBX 198 target in Friday, September 16 report.

Among 10 analysts covering Wabash National Corp (NYSE:WNC), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Wabash National Corp had 28 analyst reports since September 28, 2015 according to SRatingsIntel. The stock of Wabash National Corporation (NYSE:WNC) earned “Hold” rating by Stephens on Wednesday, January 31. The stock of Wabash National Corporation (NYSE:WNC) has “Hold” rating given on Sunday, October 15 by Stifel Nicolaus. Stifel Nicolaus upgraded the stock to “Hold” rating in Thursday, January 26 report. As per Tuesday, June 14, the company rating was downgraded by Stifel Nicolaus. The company was downgraded on Thursday, February 2 by Piper Jaffray. The company was maintained on Monday, November 6 by Stifel Nicolaus. As per Monday, September 11, the company rating was maintained by Stifel Nicolaus. The stock of Wabash National Corporation (NYSE:WNC) earned “Hold” rating by Stifel Nicolaus on Tuesday, October 31. As per Wednesday, January 31, the company rating was maintained by Stifel Nicolaus. The stock of Wabash National Corporation (NYSE:WNC) has “Buy” rating given on Thursday, August 10 by Craig Hallum.

Wabash National Corporation operates as a diversified industrial maker and North AmericaÂ’s producer of semi-trailers and liquid transportation systems. The company has market cap of $1.20 billion. The Company’s Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; specialty trailers, such as converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; used trailers; and laminated hard wood oak flooring products. It has a 11.61 P/E ratio. The companyÂ’s Diversified Products segment offers transportation products, including stainless steel and aluminum liquid and dry bulk tank trailers, and other liquid transport solutions for the dairy, food and beverage, chemical, environmental, petroleum, and refined fuel industries; aircraft refuelers and hydrant dispensers for in-to-plane fueling companies, airlines, freight distribution companies, and fuel marketers; military grade refueling and water tankers; truck mounted tanks for fuel delivery; and vacuum tankers.

Since February 5, 2018, it had 0 buys, and 1 sale for $1.46 million activity. 58,300 shares valued at $1.46M were sold by GIROMINI RICHARD J on Monday, February 5.

More recent Wabash National Corporation (NYSE:WNC) news were published by: Globenewswire.com which released: “Wabash National Corporation Announces Quarterly Dividend” on May 17, 2018. Also Seekingalpha.com published the news titled: “Wabash National’s (WNC) CEO Richard Giromini on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Streetinsider.com‘s news article titled: “Wabash National (WNC) Declares $0.075 Quarterly Dividend; 1.5% Yield” with publication date: April 29, 2018 was also an interesting one.

Wabash National Corporation (NYSE:WNC) Institutional Positions Chart

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