Canfor Pulp Products Inc (TSE:CFX) had its price target increased by RBC Capital Markets from C$10.00 to C$11.00 in a research report sent to investors on Friday morning.

Other equities analysts have also issued reports about the stock. CIBC increased their price objective on shares of Canfor Pulp Products from C$12.00 to C$14.00 in a research report on Tuesday, January 24th. Royal Bank Of Canada dropped their price objective on shares of Canfor Pulp Products from C$11.00 to C$10.00 in a research report on Friday, January 6th. TD Securities reissued a buy rating and issued a C$13.00 price objective on shares of Canfor Pulp Products in a research report on Friday, October 28th. Scotiabank reissued an outperform rating and issued a C$13.00 price objective on shares of Canfor Pulp Products in a research report on Thursday, October 27th. Finally, Raymond James Financial, Inc. reissued an outperform rating and issued a C$14.25 price objective on shares of Canfor Pulp Products in a research report on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Canfor Pulp Products currently has an average rating of Buy and an average target price of C$12.63.

Shares of Canfor Pulp Products (TSE:CFX) traded down 0.99% during trading on Friday, hitting $10.73. 61,639 shares of the company’s stock were exchanged. The stock has a market cap of $715.68 million and a PE ratio of 12.54. Canfor Pulp Products has a 1-year low of $9.45 and a 1-year high of $12.65. The stock’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.30.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Investors of record on Tuesday, February 28th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, February 16th.

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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