Fortress Paper Stock Rating Reaffirmed by RBC Capital (FTP)
Fortress Paper (TSE:FTP)‘s stock had its “underperform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Friday. They currently have a C$1.50 price objective on the stock, down from their previous price objective of C$1.75. RBC Capital’s price target suggests a potential downside of 47.37% from the stock’s previous close.
Fortress Paper (TSE:FTP) traded down 3.86% during mid-day trading on Friday, hitting $2.74. 9,672 shares of the company’s stock traded hands. Fortress Paper has a 52-week low of $2.60 and a 52-week high of $8.00. The stock’s 50-day moving average is $2.93 and its 200-day moving average is $3.2. The company has a market cap of $40.0 million and a P/E ratio of 0.95.
Fortress Paper (TSE:FTP) last issued its quarterly earnings data on Friday, August 8th. The company reported ($1.26) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.83) by $0.43. On average, analysts predict that Fortress Paper will post $-3.78 earnings per share for the current fiscal year.
Fortress Paper Ltd. (TSE:FTP) is an international producer of specialty pulp, specialty papers, security papers and other security related products.
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