Fortress Paper (TSE:FTP) had its price objective lifted by Raymond James Financial from C$4.50 to C$6.00 in a report published on Friday. The brokerage currently has an outperform rating on the stock.

Shares of Fortress Paper (FTP) opened at C$4.25 on Friday. The stock has a market capitalization of $59.09, a P/E ratio of -2.30 and a beta of -1.01. Fortress Paper has a 12-month low of C$2.91 and a 12-month high of C$8.70.

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Fortress Paper Company Profile

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.

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