Resolute Forest Products (RFP) Reaches New 52-Week High at $14.31
Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) shares reached a new 52-week high on Tuesday . The stock traded as high as C$14.31 and last traded at C$13.89, with a volume of 8468 shares. The stock had previously closed at C$13.60.
Several research analysts have recently weighed in on RFP shares. TD Securities increased 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 increased 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 target price on Resolute Forest Products to C$10.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd.
The company has a market cap of $1,270.00, a P/E ratio of -9.04 and a beta of 1.10.
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About Resolute Forest Products
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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