Resolute Forest Products (RFP) Stock Price Down 3.4%

Resolute Forest Products Inc (TSE:RFP) (NYSE:RFP) fell 3.4% during trading on Friday . The stock traded as low as C$13.98 and last traded at C$14.53. 29,630 shares changed hands during trading, an increase of 67% from the average session volume of 17,696 shares. The stock had previously closed at C$14.05.

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

The firm has a market cap of $1,300.00, a PE ratio of -9.10 and a beta of 1.10.

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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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