In a report released today, Paul Quinn from RBC Capital reiterated a Hold rating on Resolute Forest (NYSE: RFP), with a price target of $12. The company’s shares closed yesterday at $12.45, close to its 52-week high of $12.75.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of 20.2% and a 72.3% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Domtar Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Resolute Forest with a $12 average price target, a -3.6% downside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a $12 price target.
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The company has a one-year high of $12.75 and a one-year low of $4.50. Currently, Resolute Forest has an average volume of 327.4K.
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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.
