Fibria Celulose SA (NYSE:FBR) shares shot up 6.8% during trading on Monday . The stock traded as high as $17.84 and last traded at $17.84. 4,970,100 shares changed hands during trading, an increase of 200% from the average session volume of 1,657,739 shares. The stock had previously closed at $16.71.
Several brokerages have commented on FBR. Zacks Investment Research raised Fibria Celulose from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Tuesday, February 13th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Fibria Celulose in a report on Wednesday, January 31st. ValuEngine downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Santander downgraded Fibria Celulose from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Fibria Celulose in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Fibria Celulose currently has a consensus rating of “Buy” and an average price target of $15.83.
The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 1.20. The firm has a market cap of $9,882.20, a PE ratio of 31.05 and a beta of -0.02.
Fibria Celulose Company Profile
Fibria Celulose SA (Fibria) is a forestry company, which is engaged in the production of eucalyptus pulp. The Company is engaged in the production and sale of short fiber pulp from its pulp production facilities located in the cities of Aracruz (State of Espirito Santo), Tres Lagoas (State of Mato Grosso do Sul), Jacarei (State of Sao Paulo) and Eunapolis (State of Bahia).
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