A statement released earlier today by Zacks Investment Research about Fibria Celulose SA (ADR) (NYSE:FBR) bumps the target price to $8.00
- Updated: October 3, 2016
Boasting a price of $7.18, Fibria Celulose SA (ADR) (NYSE:FBR) traded 1.56% higher on the day. With the last close down -6.36% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fibria Celulose SA (ADR) has recorded a 50-day average of $6.86 and a two hundred day average of $7.67. Volume of trade was up over the average, with 2,466,904 shares of FBR changing hands over the typical 1,777,040
Indicating a possible upside of 0.11%, Zacks Investment Research bumped up the target price of Fibria Celulose SA (ADR) (NYSE:FBR) to $8.00
With a total market value of $0, Fibria Celulose SA (ADR) has price-earnings ratio of 6.38 with a one year low of $5.79 and a one year high of $14.94 .
More About Fibria Celulose SA (ADR) (NYSE:FBR)
Fibria Celulose SA (Fibria) is a Brazil-based 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. The Company's segment is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz, Tres Lagoas, Jacarei and Veracel. It has approximately 970 thousand hectares located in over seven Brazilian states. Approximately 570 thousand hectares of its total forestry land consisted of planted areas, approximately 340 thousand hectares of conservation areas with native vegetation and over 60 thousand hectares related to other uses. It produces bleached eucalyptus kraft pulp at three pulp mills, which include Aracruz mill, Tres Lagoas pulp mill and Jacarei pulp mill.
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