Fortress Paper Ltd. (TSE:FTP) – Equities researchers at Raymond James Financial raised their Q3 2017 earnings estimates for Fortress Paper in a report issued on Wednesday. Raymond James Financial analyst D. Swetlishoff now forecasts that the firm will earn $0.15 per share for the quarter, up from their previous estimate of $0.10. Raymond James Financial currently has a “Outperform” rating and a $8.00 target price on the stock.
Separately, Scotiabank boosted their target price on Fortress Paper from C$3.00 to C$4.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 7th.
Shares of Fortress Paper (TSE:FTP) remained flat at $6.25 during midday trading on Thursday. 1,314 shares of the stock traded hands. Fortress Paper has a 1-year low of $2.84 and a 1-year high of $6.25. The firm’s market cap is $92.58 million. The company’s 50 day moving average price is $4.76 and its 200 day moving average price is $3.98.
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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