Fortress Paper Ltd. (TSE:FTP) had its target price hoisted by Raymond James Financial, Inc. to C$9.00 in a research note published on Tuesday morning. They currently have an outperform rating on the stock.
Shares of Fortress Paper (TSE:FTP) opened at 8.20 on Tuesday. The firm has a 50-day moving average of $8.17 and a 200-day moving average of $7.10. Fortress Paper has a 12-month low of $2.84 and a 12-month high of $8.70. The company has a market cap of $116.28 million and a P/E ratio of 17.83.
About Fortress Paper
Fortress Paper Ltd. is a Canada-based producer of specialty pulp, security papers and other security related products. The Company operates through two segments: the Dissolving Pulp and the Security Paper Products. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada, which also operates in the renewable energy generation sector through its cogeneration facility.