Equities researchers at Scotia Capital dropped their target price on shares of Fortress Paper (TSE: FTP)
Shares of Fortress Paper traded down 1.96% during mid-day trading on Monday, hitting $8.52. Fortress Paper has a 52 week low of $6.85 and a 52 week high of $40.12. The stock?s 50-day moving average is currently $9.15. The company?s market cap is $123.5 million.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital downgraded shares of Fortress Paper from an ?outperform? rating to a ?sector perform? rating in a research note to investors on Thursday. They now have a $12.00 price target on the stock, down previously from $14.00. Separately, analysts at Cormark upgraded shares of Fortress Paper from a ?market perform? rating to a ?buy? rating in a research note to investors on Wednesday, January 9th. Finally, analysts at CIBC downgraded shares of Fortress Paper in a research note to investors on Tuesday, November 13th. They now have a $20.00 price target on the stock, down previously from $27.00.
Fortress Paper Ltd. (Fortress) is an international producer of specialty pulp, specialty papers, security papers and other security related products.