Fletcher Building Limited (FRCEF) Gets a Buy from Macquarie

Macquarie analyst Stephen Hudson maintained a Buy rating on Fletcher Building Limited (FRCEFResearch Report) today. The company’s shares closed last Friday at $2.61.

According to TipRanks, Hudson is an analyst with an average return of -33.7% and a 0.00% success rate.

Currently, the analyst consensus on Fletcher Building Limited is a Strong Buy with an average price target of $3.50.

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FRCEF market cap is currently $2.26B and has a P/E ratio of 15.08.

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Fletcher Building Limited (FRCEF) Company Description:

Fletcher Building is the largest building materials company in New Zealand, after it emerged from the Fletcher Challenge group in 2001. Its diverse range of business interests span building product manufacture and distribution in New Zealand and Australia, as well as commercial and residential property development. Operations have been refocused on New Zealand and Australia, following divestment of the global laminates business in fiscal 2019.


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