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.
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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.
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