Canfor Pulp Products Lowered to Outperform at Raymond James (CFX)
Canfor Pulp Products (TSE:CFX) was downgraded by stock analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Monday, AnalystRatingsNetwork.com reports.
Canfor Pulp Products (TSE:CFX) traded up 1.03% on Monday, hitting $10.81. 36,970 shares of the company’s stock traded hands. Canfor Pulp Products has a one year low of $7.60 and a one year high of $12.00. The stock’s 50-day moving average is $9.43 and its 200-day moving average is $9.54. The company has a price-to-earnings ratio of 42.80.
A number of other firms have also recently commented on CFX. Analysts at Scotiabank raised their price target on shares of Canfor Pulp Products from C$11.00 to C$11.25 in a research note to investors on Wednesday, October 2nd. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Canfor Pulp Products in a research note to investors on Thursday, September 26th. They now have a C$24.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Canfor Pulp Products from C$9.00 to C$10.00 in a research note to investors on Tuesday, July 30th. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$14.88.
Canfor Pulp Products Inc (TSE:CFX), is engaged in investing in pulp and paper producing assets.
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