Resolute Forest Products (RFP) Trading Down 3.4%

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP)’s share price was down 3.4% during trading on Friday . The company traded as low as C$13.98 and last traded at C$14.53. Approximately 29,630 shares were traded during trading, an increase of 67% from the average daily volume of 17,696 shares. The stock had previously closed at C$14.05.

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

The company has a market cap of $1,260.00, a price-to-earnings ratio of -9.25 and a beta of 1.10.

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Resolute Forest Products Company Profile

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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