Canfor Pulp Products (CFX) Lifted to “Outperform” at CIBC

Canfor Pulp Products (TSE:CFX) was upgraded by equities researchers at CIBC from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The brokerage presently has a C$18.00 price objective on the stock, up from their previous price objective of C$15.00. CIBC’s price objective suggests a potential upside of 29.03% from the stock’s previous close.

CFX has been the subject of several other reports. TD Securities upgraded shares of Canfor Pulp Products from a “hold” rating to a “buy” rating and increased their price target for the stock from C$14.50 to C$16.00 in a research note on Monday. Scotiabank reiterated a “sector perform” rating and issued a C$13.75 price target on shares of Canfor Pulp Products in a research note on Tuesday, October 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$14.65.

Canfor Pulp Products (TSE:CFX) traded down C$0.03 during trading hours on Friday, hitting C$13.95. 12,690 shares of the stock traded hands, compared to its average volume of 18,922. Canfor Pulp Products has a 12-month low of C$10.08 and a 12-month high of C$14.58. The stock has a market cap of $923.41, a PE ratio of 13.81 and a beta of 0.58.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at

About Canfor Pulp Products

Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.

Analyst Recommendations for Canfor Pulp Products (TSE:CFX)

Receive News & Ratings for Canfor Pulp Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor Pulp Products and related companies with's FREE daily email newsletter.

Leave a Reply