Canfor Pulp Products Inc (CFX) Reaches New 12-Month High at $14.25
Canfor Pulp Products Inc (TSE:CFX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.25 and last traded at C$14.09, with a volume of 32,635 shares. The stock had previously closed at C$13.70.
CFX has been the topic of a number of analyst reports. Scotiabank reduced their price target on Canfor Pulp Products from C$12.50 to C$12.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 27th. CIBC increased their price target on Canfor Pulp Products from C$13.00 to C$15.00 in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$13.55.
The stock has a 50 day moving average price of $13.64 and a 200 day moving average price of $12.70. The company has a market cap of $925.16 million and a price-to-earnings ratio of 12.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, November 9th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $0.25 dividend on an annualized basis and a yield of 1.77%.
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About Canfor Pulp Products
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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