Fortress Paper (FTP) Price Target Raised to C$6.00 at Raymond James Financial

Fortress Paper (TSE:FTP) had its target price hoisted by research analysts at Raymond James Financial from C$4.50 to C$6.00 in a research note issued on Friday. The brokerage presently 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 previous close.

Shares of Fortress Paper (TSE:FTP) traded down C$0.25 during midday trading on Friday, hitting C$4.50. The stock had a trading volume of 3,170 shares, 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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