Morgan Stanley upgraded Fibria Celulose SA (ADR) (NYSE:FBR) to Overweight in a report released today.
- Updated: November 29, 2016
Boasting a price of $9.80, Fibria Celulose SA (ADR) (NYSE:FBR) traded 3.18% higher on the day. With the last stock price close up 31.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Fibria Celulose SA (ADR) has recorded a 50-day average of $7.93 and a two hundred day average of $7.39. Volume of trade was up over the average, with 3,143,632 shares of FBR changing hands over the typical 1,742,440
Morgan Stanley has upgraded Fibria Celulose SA (ADR) (NYSE:FBR) to Overweight in a report released on 11/29/2016.
Previously on Monday November 21, 2016, Zacks Investment Research released a statement on Fibria Celulose SA (ADR) (NYSE:FBR) bumped up the target price from $0.00 to $9.50 that suggested an upside of 0.13%.
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Fibria Celulose SA (ADR) has a 52 week low of $5.79 and a 52 week high of $13.89 with a P/E ratio of 6.87 The company’s market cap is currently $0.
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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