JPMorgan Started FB Financial (TSE:FBK) Stock Coverage With a “Neutral” Rating and TP of $23.0

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JP Morgan Analyst Rating Change FB Financial TSE:FBK

FB Financial (TSE:FBK) Price Target & New Coverage by JPMorgan

JPMorgan analyst initiated coverage with a “Neutral” rating on FB Financial (TSE:FBK) today and set a price target of $23.0. The company’s shares opened today at 0.78.

After the new coverage TSE:FBK is at the moment trading 0.00% lower at $0.78 as of 04:00 New York time. FB Financial’s stock is up 21.39% over the last 200 days. It has outperformed the S&P 500, which has gained 4.81% over the same time.

FBK Stock Chart

FB Financial (TSE:FBK) Profile

Fibrek Inc., along with its subsidiaries, is a producer and marketer of virgin and recycled kraft pulp. The Company operates in two segments: northern bleached softwood kraft (NBSK) pulp segment and recycled bleached kraft (RBK) pulp segment. It owns a NBSK pulp mill located in Saint-Felicien, Quebec (the Saint- Felicien Mill), approximately 450 kilometers north of Montreal in the Lac-Saint-Jean region.

FB Financial (TSE:FBK) closed at $0.78 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 10,037 shares. FB Financial has a 52 week low of $0.63 and a 52 week high of $1.35. The company has a market cap of $101.46M and a P/E ratio of 0.

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