Resolute Forest Products (RFP) Trading Up 2.6%

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) was up 2.6% during trading on Monday . The stock traded as high as C$12.60 and last traded at C$12.40. Approximately 15,030 shares traded hands during trading, an increase of 20% from the average daily volume of 12,572 shares. The stock had previously closed at C$12.08.

Several equities research analysts have recently commented on RFP shares. Royal Bank of Canada boosted their price target on Resolute Forest Products to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Scotiabank boosted their price target on Resolute Forest Products to C$10.00 and gave the stock an “underperform” rating in a research note on Friday, November 3rd. Finally, TD Securities boosted their price target 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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Resolute Forest Products Company Profile

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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