RBC Capital Markets Boosts Canfor Pulp Products Inc (CFX) Price Target to C$11.00
Other research analysts have also issued research reports about the stock. Royal Bank Of Canada reaffirmed a sector perform rating and set a C$11.00 target price on shares of Canfor Pulp Products in a research note on Thursday, October 27th. CIBC lowered their target price on shares of Canfor Pulp Products from C$14.00 to C$12.00 in a research note on Wednesday, November 2nd. Raymond James Financial, Inc. reaffirmed an outperform rating and set a C$14.25 target price on shares of Canfor Pulp Products in a research note on Thursday, February 9th. Scotiabank reaffirmed an outperform rating and set a C$13.00 target price on shares of Canfor Pulp Products in a research note on Thursday, October 27th. Finally, TD Securities reaffirmed a buy rating and set a C$13.00 target price on shares of Canfor Pulp Products in a research note on Friday, October 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$12.63.
Canfor Pulp Products (TSE:CFX) traded down 0.99% during mid-day trading on Friday, reaching $10.73. 61,639 shares of the company’s stock traded hands. Canfor Pulp Products has a 52 week low of $9.45 and a 52 week high of $12.65. The stock has a market capitalization of $715.68 million and a PE ratio of 12.54. The stock’s 50 day moving average is $10.50 and its 200-day moving average is $10.30.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, February 16th. This represents a $0.25 annualized dividend and a dividend yield of 2.33%.
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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