Fletcher Building Limited (OTCMKTS:FRCEF – Get Free Report) dropped 6.9% during trading on Tuesday . The stock traded as low as $1.63 and last traded at $1.63. Approximately 100 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,250 shares. The stock had previously closed at $1.75.
Analysts Set New Price Targets
Separately, Morgan Stanley downgraded Fletcher Building to an “underweight” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Stock Report on Fletcher Building
Fletcher Building Price Performance
Fletcher Building Company Profile
Fletcher Building Limited (OTCMKTS:FRCEF) is a leading integrated building materials and construction company headquartered in Auckland, New Zealand. The company operates through a diversified portfolio that spans manufacturing, distribution, construction and infrastructure services, serving residential, commercial and industrial markets across Australasia and the Pacific Islands.
In its building products division, Fletcher Building produces gypsum plasterboard, fibre cement, roofing, insulation and aluminium joinery under well-known brands such as Laminex and Firth.
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