Canfor Pulp Products Receives Consensus Recommendation of “Buy” from Analysts (TSE:CFX)
Canfor Pulp Products (TSE:CFX) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, Analyst Ratings News reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$13.60.
Shares of Canfor Pulp Products (TSE:CFX) traded up 1.39% during mid-day trading on Thursday, hitting $11.66. The stock had a trading volume of 9,752 shares. Canfor Pulp Products has a one year low of $8.02 and a one year high of $13.10. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $11.46. The company has a P/E ratio of 19.49.
A number of analysts have recently weighed in on CFX shares. Analysts at Dundee Securities initiated coverage on shares of Canfor Pulp Products in a research note on Wednesday. They set a “buy” rating on the stock. Separately, analysts at CIBC downgraded shares of Canfor Pulp Products from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 7th. Finally, analysts at Salman Partners raised their price target on shares of Canfor Pulp Products from C$13.00 to C$14.25 in a research note on Friday, February 7th. They now have a “buy” rating on the stock.
Canfor Pulp Products Inc (TSE:CFX), is engaged in investing in pulp and paper producing assets.
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