Foundation Building Materials, – Consensus Indicates Potential -5.9% Downside

Broker Ratings

Foundation Building Materials, found using ticker (FBM) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 20 and 15 calculating the average target price we see 18.06. Given that the stocks previous close was at 19.19 this now indicates there is a potential downside of -5.9%. The day 50 moving average is 16.88 and the 200 moving average now moves to 15.69. The market capitalisation for the company is $830m. Company Website: http://www.fbmsales.com

Foundation Building Materials distributes building products in the United States and Canada. It offers wallboard, suspended ceiling system, and metal framing products. The company also provides complementary and other products, tools, and accessories, such as wallboard accessories, stucco and finishing systems, safety accessories, fasteners, insulations, doors, and roofing products. It serves its products to commercial, residential, and other specialty contractors. The company was founded in 2011 and is headquartered in Santa Ana, California.

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