Analysts Set Canfor Pulp Products Inc (CFX) Target Price at $12.85
Shares of Canfor Pulp Products Inc (TSE:CFX) have received an average rating of “Buy” from the six analysts that are currently covering the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$12.85.
A number of brokerages have commented on CFX. CIBC cut their price objective on shares of Canfor Pulp Products from C$14.00 to C$12.00 in a report on Wednesday, November 2nd. TD Securities restated a “buy” rating and issued a C$13.00 target price on shares of Canfor Pulp Products in a research note on Friday, October 28th. Scotiabank restated an “outperform” rating and issued a C$13.00 target price on shares of Canfor Pulp Products in a research note on Thursday, October 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$11.00 target price on shares of Canfor Pulp Products in a research note on Thursday, October 27th.
Canfor Pulp Products (TSE:CFX) opened at 9.84 on Thursday. The company’s 50 day moving average price is $10.12 and its 200-day moving average price is $10.35. The stock has a market cap of $656.32 million and a price-to-earnings ratio of 8.67. Canfor Pulp Products has a 12-month low of $9.05 and a 12-month high of $14.62.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, November 4th.
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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