Canfor Pulp Products Inc (TSE:CFX) Given Average Recommendation of “Buy” by Brokerages
Shares of Canfor Pulp Products Inc (TSE:CFX) have received an average rating of “Buy” from the six research firms that are currently covering the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$13.30.
CFX has been the topic of a number of research analyst reports. Scotiabank decreased their price objective on shares of Canfor Pulp Products from C$13.75 to C$12.75 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. CIBC reduced their price target on shares of Canfor Pulp Products from C$15.00 to C$14.00 in a report on Friday, July 29th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$13.50 price target on shares of Canfor Pulp Products in a report on Thursday, July 28th.
Canfor Pulp Products (TSE:CFX) traded up 0.10% during mid-day trading on Thursday, reaching $10.15. 6,758 shares of the company traded hands. The stock has a 50-day moving average of $10.38 and a 200 day moving average of $10.58. Canfor Pulp Products has a 52-week low of $9.05 and a 52-week high of $14.62. The stock has a market capitalization of $676.99 million and a PE ratio of 8.13.
About Canfor Pulp Products
Canfor Pulp Products Inc is a Canada-based supplier of pulp and paper products with the operations based in the central interior of British Columbia. The Company operates in two segments: Pulp and Paper. The Company’s Pulp segment includes its approximately four pulp mills, such as 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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