Foundation Building Materials, – Consensus Indicates Potential -.9% Downside

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Foundation Building Materials, found using ticker (FBM) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 20 and 15 and has a mean target at 17.5. Now with the previous closing price of 17.66 this would imply there is a potential downside of -.9%. The 50 day moving average now sits at 16.04 and the 200 day MA is 14.15. The company has a market capitalisation of $763m. 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. Foundation Building Materials is a subsidiary of Lone Star Fund IX (U.S.) L.P.

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