Canfor Pulp Products Rating Increased to Buy at TD Securities (CFX)
Canfor Pulp Products (TSE:CFX) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a C$13.00 price objective on the stock, up from their previous price objective of C$11.00. TD Securities’ price target suggests a potential upside of 15.97% from the company’s current price.
CFX has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Canfor Pulp Products from a “strong-buy” rating to an “outperform” rating in a research note to investors on Monday, October 7th. 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 assigned a buy rating to the stock. Canfor Pulp Products currently has a consensus rating of “Hold” and a consensus price target of C$13.68.
Shares of Canfor Pulp Products (TSE:CFX) traded up 3.60% on Thursday, hitting $11.21. 57,091 shares of the company’s stock traded hands. Canfor Pulp Products has a 1-year low of $7.60 and a 1-year high of $12.00. The stock’s 50-day moving average is $10.3 and its 200-day moving average is $9.39. The company has a P/E 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.