Canfor Pulp Products (CFX) Earns Outperform Rating from Raymond James

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Canfor Pulp Products (TSE:CFX)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a research note issued to investors on Friday. They presently have a C$25.00 price target on the stock. Raymond James’ target price indicates a potential upside of 36.17% from the stock’s previous close.

CFX has been the topic of several other reports. CIBC lowered their price objective on shares of Canfor Pulp Products from C$27.00 to C$24.00 in a research report on Monday, October 29th. TD Securities lowered their price objective on shares of Canfor Pulp Products from C$27.00 to C$24.00 and set a “hold” rating on the stock in a research report on Friday, October 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Canfor Pulp Products from C$26.00 to C$20.00 in a research report on Tuesday, January 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Canfor Pulp Products has an average rating of “Hold” and a consensus target price of C$21.70.

TSE CFX opened at C$18.36 on Friday. Canfor Pulp Products has a twelve month low of C$14.02 and a twelve month high of C$28.12. The company has a market cap of $1.20 billion and a price-to-earnings ratio of 5.56.

In other news, Director Peter John Gerald Bentley acquired 10,000 shares of the stock in a transaction on Monday, November 26th. The shares were purchased at an average cost of C$19.53 per share, for a total transaction of C$195,300.00.

About Canfor Pulp Products

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products worldwide. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached and unbleached kraft, and coloured kraft papers. The company also supplies fiber products; and produces green energy.

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Analyst Recommendations for Canfor Pulp Products (TSE:CFX)

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