Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $1.07, but opened at $0.9850. Sappi shares last traded at $1.02, with a volume of 5,000 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Report on Sappi
Sappi Stock Down 4.7%
About Sappi
Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.
Sappi’s product portfolio is organized into several main categories.
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