Canfor Pulp Products (TSE:CFX) had its price objective hoisted by research analysts at CIBC from C$18.00 to C$20.00 in a research note issued to investors on Tuesday. CIBC’s price objective would indicate a potential upside of 27.80% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. TD Securities raised Canfor Pulp Products from a “hold” rating to a “buy” rating and raised their target price for the company from C$14.50 to C$16.00 in a research note on Monday, January 8th. Scotiabank raised their target price on Canfor Pulp Products from C$13.75 to C$14.25 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. Royal Bank of Canada raised their target price on Canfor Pulp Products from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. Finally, Raymond James Financial raised their target price on Canfor Pulp Products from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Canfor Pulp Products presently has a consensus rating of “Buy” and a consensus price target of C$16.95.
Canfor Pulp Products (CFX) opened at C$15.65 on Tuesday. Canfor Pulp Products has a 52 week low of C$10.86 and a 52 week high of C$15.73. The stock has a market capitalization of $1,010.00, a price-to-earnings ratio of 10.10 and a beta of 0.68.
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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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