|Day Low/High||4.60 / 4.70|
|52 Wk Low/High||3.79 / 9.00|
Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Resolute Forest Products Inc . The average 12-month price target for RFP — averaging the work of 5 analysts — reveals an average price target of $5.95/share.
In recent trading, shares of Resolute Forest Products Inc have crossed above the average analyst 12-month target price of $5.95, changing hands for $6.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
Law Offices of Howard G. Smith announces an investigation on behalf of Resolute Forest Products Inc.