Noteworthy Price Action: What Next for Fibrek Inc. Stock After Today’s Significant Increase?

Noteworthy Price Action: What Next for Fibrek Inc. Stock After Today's Significant Increase?

The stock of Fibrek Inc. (TSE:FBK) is a huge mover today! The stock last traded at $0.78 per share. It is down 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 6 months positive chart setup for the $101.46 million company. It was reported on Nov, 24 by Barchart.com. We have $0.80 PT which if reached, will make TSE:FBK worth $3.04M more.

Analysts await Fibrek Inc. (TSE:FBK) to report earnings on January, 26. FBK’s profit will be $54.63M for 0.46 P/E if the $0.42 EPS becomes a reality. After $0.55 actual earnings per share reported by Fibrek Inc. for the previous quarter, Wall Street now forecasts -23.64% negative EPS growth.

According to Zacks Investment Research, “FB Financial Corp is a bank holding company. It operates through its wholly owned banking subsidiary, FirstBank. The company provides commercial and consumer banking services to clients. It operates primarily in Tennessee, North Alabama and North Georgia. The company also provides national mortgage business. FB Financial Corp is headquartered in Nashville, Tennessee.”

More notable recent Fibrek Inc. (TSE:FBK) news were published by: Business.Financialpost.com which released: “Fairfax Financial Holdings Ltd says insider-trading probe of Prem Watsa tied …” on May 01, 2015, also Bloomberg.com with their article: “Fairfax Says Insider-Trading Probe of CEO Tied to Fibrek Deal” published on April 30, 2015, Business.Financialpost.com published: “Another hearing for Fibrek” on March 27, 2012. More interesting news about Fibrek Inc. (TSE:FBK) were released by: Business.Financialpost.com and their article: “Fibrek and market integrity” published on April 03, 2012 as well as Business.Financialpost.com‘s news article titled: “Watsa embroiled in takeover dispute” with publication date: February 01, 2012.

FBK Company Profile

FB Financial Corporation is a bank holding firm for FirstBank (the Bank). The Bank provides a range of commercial and consumer banking services to clients in various markets in Tennessee, North Alabama and North Georgia. The Firm operates in two divisions: Community Banking and Mortgage Banking. As of September 13, 2016, it includes 45 bank branches serving the Tennessee metropolitan markets of Nashville, Chattanooga, Knoxville, Memphis, Jackson and Huntsville (AL), in addition to 12 community markets. The Bank also provides mortgage banking services utilizing its bank branch network and mortgage banking offices located across the southeastern United States, in addition to a national Internet delivery channel.

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