Resolute Forest Products (RFP) Sets New 1-Year High at $14.08

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$14.08 and last traded at C$13.67, with a volume of 9983 shares. The stock had previously closed at C$13.75.

Several research firms have recently commented on RFP. TD Securities lifted their price objective on Resolute Forest Products to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Scotiabank lifted their price objective on Resolute Forest Products to C$10.00 and gave the stock an “underperform” rating in a report on Friday, November 3rd. Finally, Royal Bank of Canada raised their target price on Resolute Forest Products to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd.

The company has a market cap of $1,230.00, a P/E ratio of -8.71 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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