Fortress Paper Ltd. (TSE:FTP) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, AnalystRatings.Net reports. They presently have a C$4.50 price objective on the stock. Raymond James’ price target would indicate a potential downside of 1.96% from the stock’s previous close.

Separately, Scotiabank boosted their target price on Fortress Paper from C$3.00 to C$3.50 in a research note on Thursday, October 1st.

Shares of Fortress Paper (TSE:FTP) opened at 4.59 on Wednesday. The firm’s market cap is $67.60 million. Fortress Paper has a 52 week low of $1.74 and a 52 week high of $5.72. The firm has a 50-day moving average price of $4.53 and a 200-day moving average price of $4.73.

Fortress Paper Ltd. (TSE:FTP) is a Canada-based company. The Company operates business through two segments: Dissolving Pulp Segment and the Security Paper Products Segment. The Company operates its dissolving pulp business through the Fortress Specialty Cellulose (FSC) mill located in Thurso, Quebec, Canada. The mill expanded into the renewable energy generation sector with the completion of the cogeneration facility. The Company operates its security paper products business through the Landqart mill located in Switzerland, where it produces banknote, passport, visa and other brand protection and security papers.

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