Resolute Forest Prod (TSX: RFP), the Consumer Goods sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. CIBC’s analyst Hamir Patel reiterates their Buy rating on the shares.
Patel has an average return of 14.0% when recommending Resolute Forest Prod.
According to TipRanks.com, Patel is ranked #996 out of 4850 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resolute Forest Prod.
The company has a one-year high of C$16.59 and a one-year low of C$5.61. Currently, Resolute Forest Prod has an average volume of 8,472.
Resolute Forest Products, Inc. provides forest products. It owns and operates pulp & paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products.
The company’s shares closed on Wednesday at C$16.35, close to its 52-week high of C$16.59.
