Fibria Celulose SA (NYSE:FBR) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.79 and last traded at $5.83, with a volume of 971,023 shares traded. The stock had previously closed at $5.89.

FBR has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Fibria Celulose SA from an “overweight” rating to an “equal weight” rating and set a $6.90 target price on the stock. in a research report on Tuesday, July 26th. Zacks Investment Research lowered shares of Fibria Celulose SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd. FBR & Co lowered shares of Fibria Celulose SA from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 20th. Finally, Bank of America Corp. lowered shares of Fibria Celulose SA from a “buy” rating to a “neutral” rating in a research report on Thursday, July 21st. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Fibria Celulose SA has an average rating of “Buy” and an average target price of $19.49.

The firm has a 50 day moving average price of $6.68 and a 200 day moving average price of $8.61. The stock has a market capitalization of $3.25 billion and a P/E ratio of 5.26.

An institutional investor recently raised its position in Fibria Celulose SA stock. Bank of Montreal Can increased its stake in Fibria Celulose SA (NYSE:FBR) by 8,417.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,816 shares of the company’s stock after buying an additional 90,738 shares during the period. Bank of Montreal Can’s holdings in Fibria Celulose SA were worth $1,165,000 as of its most recent SEC filing.

Fibria Celulose SA (Fibria) is a pulp and paper producer. The Company’s activities are focused on the renewable and sustainable forests and the manufacture and sale of bleached eucalyptus kraft pulp. Forests in formation are located in the states of Sao Paulo, Mato Grosso do Sul, Minas Gerais, Rio de Janeiro, Espirito Santo, Bahia and Rio Grande do Sul.

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