Fortress Paper (TSE:FTP) Given New C$6.00 Price Target at Raymond James Financial

Fortress Paper (TSE:FTP) had its price objective upped by analysts at Raymond James Financial from C$4.50 to C$6.00 in a research note issued to investors on Friday, December 22nd. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 62.16% from the stock’s previous close.

Fortress Paper (TSE:FTP) opened at C$3.70 on Friday. Fortress Paper has a 52-week low of C$2.91 and a 52-week high of C$8.70. The company has a market cap of $52.68, a P/E ratio of -2.00 and a beta of -1.02.

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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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