Resolute Forest Products (RFP) Receives Price Target

Resolute Forest Products (RFP) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $7 and the lowest price target forecast is $5. The average forecast of all the analysts is $5.95 and the expected standard deviation is $0.87.


Resolute Forest Products (NYSE:RFP): The stock opened at $5.84 on Thursday but the bulls could not build on the opening and the stock topped out at $5.88 for the day. The stock traded down to $5.71 during the day, due to lack of any buying support eventually closed down at $5.77 with a loss of -0.52% for the day. The stock had closed at $5.80 on the previous day. The total traded volume was 248,695 shares.

Resolute Forest Products Inc. is a holding company. The Company is a forest products company, which offers products, including newsprint, specialty papers, market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. The Company operates through four segments: newsprint, specialty papers, market pulp and wood products. It also sells green power produced from renewable sources, wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.

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