Fibria Celulose S.A. Stock Rating Lowered by Zacks (FBR)
Fibria Celulose S.A. (NYSE:FBR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, Stock Ratings Network reports. They currently have a $10.50 target price on the stock. Zacks‘ price objective suggests a potential downside of 4.98% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of Fibria Celulose S.A. from $13.00 to $13.50 in a research note to investors on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Fibria Celulose S.A. has a consensus rating of “Hold” and an average target price of $11.73.
Shares of Fibria Celulose S.A. (NYSE:FBR) traded down 2.39% during mid-day trading on Monday, hitting $11.05. 896,306 shares of the company’s stock traded hands. Fibria Celulose S.A. has a 1-year low of $10.28 and a 1-year high of $13.34. The stock has a 50-day moving average of $11.66 and a 200-day moving average of $11.87. The company’s market cap is $6.117 billion.
Fibria Celulose SA (NYSE:FBR), formerly Votorantim Celulose e Papel SA, is a Brazil-based producer of market pulp.
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