Canfor Pulp Products PT Raised to C$14.00 at Raymond James (CFX)
Stock analysts at Raymond James boosted their price target on shares of Canfor Pulp Products (TSE:CFX) from C$12.50 to C$14.00 in a report issued on Thursday, AnalystRatings.Net reports. Raymond James’ target price suggests a potential upside of 24.89% from the stock’s previous close.
A number of other firms have also recently commented on CFX. Analysts at TD Securities upgraded shares of Canfor Pulp Products from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a C$13.00 price target on the stock, up previously from C$11.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Canfor Pulp Products presently has a consensus rating of “Hold” and a consensus target price of C$13.68.
Shares of Canfor Pulp Products (TSE:CFX) traded up 3.60% on Thursday, hitting $11.21. The stock had a trading volume of 57,091 shares. Canfor Pulp Products has a 52 week low of $7.60 and a 52 week high of $12.00. The stock has a 50-day moving average of $10.3 and a 200-day moving average of $9.39. The company has a price-to-earnings ratio of 23.02.
Canfor Pulp Products Inc (TSE:CFX), is engaged in investing in pulp and paper producing assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.