Resolute Forest Products (RFP) Reaches New 12-Month High at $14.72

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) shares hit a new 52-week high during trading on Friday . The company traded as high as C$14.72 and last traded at C$14.28, with a volume of 11454 shares trading hands. The stock had previously closed at C$14.48.

Several research analysts have recently issued reports on the stock. TD Securities raised their target price on shares of Resolute Forest Products to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Royal Bank of Canada raised their target price 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. Finally, Scotiabank raised their target price 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 $1,300.00, a price-to-earnings ratio of -9.10 and a beta of 1.10.

Resolute Forest Products (TSE:RFP) (NYSE:RFP) last issued its earnings results on Thursday, November 2nd. The company reported C$0.43 earnings per share (EPS) for the quarter.

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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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