Shares of Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) were down 1.4% during trading on Friday . The company traded as low as C$11.58 and last traded at C$11.94. Approximately 27,211 shares changed hands during mid-day trading, an increase of 114% from the average daily volume of 12,697 shares. The stock had previously closed at C$11.77.
A number of analysts have recently commented on RFP shares. Scotiabank boosted their price objective on Resolute Forest Products to C$10.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd. Royal Bank Of Canada boosted their price objective on Resolute Forest Products to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Finally, TD Securities boosted their price objective on Resolute Forest Products to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd.
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About Resolute Forest Products
Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, Brazil, and internationally. It operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment provides market pulp, recycled bleached Kraft pulp, and bleached hardwood Kraft pulp used to make a range of consumer products, such as tissue, packaging, specialty paper products, diapers, and other absorbent products.
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