Fortress Paper Ltd. (TSE:FTP) target price raised to $8.00, issued a report today by Raymond James
- Updated: September 28, 2016
Yesterday Fortress Paper Ltd. (TSE:FTP) traded 13.33% higher at $5.94. The company’s 50-day moving average is $4.64 and its 200-day moving average is $3.95. The last closing price is up 50.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 16,590 shares of the stock were exchanged, down from an average trading volume of 29,927
Fortress Paper Ltd. (TSE:FTP) had its target price raised to $8.00 by Raymond James in a report released 9/28/2016. The new target price indicates a possible upside of 0.35% based on the company's last closing price.
Previously on Friday June 24, 2016, Scotia Capital reported on Fortress Paper Ltd. (TSE:FTP) raised the target price from $4.00 to $4.25. At the time, this indicated a possible upside of 0.04%.
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Fortress Paper Ltd. has a 52 week low of $2.84 and a 52 week high of $6.00 The company’s market cap is currently $0.
In addition to Raymond James reporting its target price, a total of 2 brokers have issued a report on the stock. The consensus target price is $3.64 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Fortress Paper Ltd. (TSE:FTP)
Fortress Paper Ltd. is a Canada-based producer of specialty pulp, security papers and other security related products. The Company operates through two segments: the Dissolving Pulp and the Security Paper Products. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada, which also operates in the renewable energy generation sector through its cogeneration facility. The Company is engaged in the production of dissolving pulp for viscose/rayon manufacturers in Asia. The Company operates its security paper products business through the Landqart mill located in Switzerland, where it produces banknote, passport, visa and other brand protection and security papers. The FSC mill has an annual production capacity of approximately 200,000 tons of dissolving pulp. The Company offers security composite banknote paper under the brand name, Durasafe.
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