Shares of Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) reached a new 52-week high on Tuesday . The company traded as high as C$13.80 and last traded at C$13.32, with a volume of 39972 shares trading hands. The stock had previously closed at C$12.40.
A number of analysts have recently weighed in on RFP shares. Scotiabank increased their price objective on Resolute Forest Products to C$10.00 and gave the company an “underperform” rating in a research note on Friday, November 3rd. Royal Bank of Canada increased their price objective on Resolute Forest Products to C$9.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Finally, TD Securities increased their price objective on Resolute Forest Products to C$10.00 and gave the company 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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