Resolute Forest Products (RFP) Reaches New 52-Week High at $14.72
Shares of Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) hit a new 52-week high during trading on Friday . The company traded as high as C$14.72 and last traded at C$14.28, with a volume of 11454 shares. The stock had previously closed at C$14.48.
A number of analysts recently commented on RFP shares. TD Securities raised their price target on Resolute Forest Products to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Royal Bank of Canada raised their price target on Resolute Forest Products to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Finally, Scotiabank raised their price target on Resolute Forest Products to C$10.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd.
The stock has a market capitalization of $1,300.00, a P/E ratio of -9.10 and a beta of 1.10.
Resolute Forest Products Company Profile
Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, Brazil, and internationally. It operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment provides market pulp, recycled bleached Kraft pulp, and bleached hardwood Kraft pulp used to make a range of consumer products, such as tissue, packaging, specialty paper products, diapers, and other absorbent products.
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