Fletcher Building [NZX: FBU]: A Construction Giant Due for a Rebirth?

Fletcher Building Limited [NZX:FBU] is New Zealand’s largest construction company. It was started in 1909 by James Fletcher.

They have held solid in the market for most of the decade, with a share price above $5.

Around 2017, Fletcher Building went into a steady decline, suffering multiple significant drops in share price.

 

Figure 1 — Significant events near large drops in share price shown in vertical lines

 

As we will see, Covid has been the most significant factor in the company’s recent history.

Will Fletcher Building recover? Is it still worth investing in? Or has this giant been knocked down further?

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