Canfor Pulp Products (CFX) Upgraded at CIBC
Canfor Pulp Products (TSE:CFX) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a report 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 would indicate a potential upside of 27.66% from the company’s current price.
A number of other analysts have also commented on the stock. Scotiabank reissued a “sector perform” rating and issued a C$13.75 price target on shares of Canfor Pulp Products in a research report on Tuesday, October 24th. TD Securities raised 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 report on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Canfor Pulp Products has an average rating of “Buy” and an average target price of C$14.65.
Canfor Pulp Products (CFX) traded up C$0.15 during mid-day trading on Friday, reaching C$14.10. 31,596 shares of the company’s stock were exchanged, compared to its average volume of 20,330. Canfor Pulp Products has a 52 week low of C$10.08 and a 52 week high of C$14.58. The stock has a market capitalization of $920.15, a price-to-earnings ratio of 13.96 and a beta of 0.58.
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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