Fortress Paper (FTP) Price Target Raised to C$6.00
Fortress Paper (TSE:FTP) had its target price boosted by Raymond James Financial from C$4.50 to C$6.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 33.33% from the stock’s current price.
Fortress Paper (TSE:FTP) traded down C$0.25 during midday trading on Friday, reaching C$4.50. 3,170 shares of the company’s stock traded hands, compared to its average volume of 8,795. Fortress Paper has a 1 year low of C$2.91 and a 1 year high of C$8.70.
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About Fortress Paper
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.
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