Canfor Pulp Products (CFX) Upgraded to “Buy” at TD Securities
Canfor Pulp Products (TSE:CFX) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a C$16.00 target price on the stock, up from their prior target price of C$14.50. TD Securities’ price objective would suggest a potential upside of 13.07% from the company’s current price.
Several other research firms have also recently commented on CFX. Scotiabank reaffirmed a “sector perform” rating and issued a C$13.75 price target on shares of Canfor Pulp Products in a report on Tuesday, October 24th. CIBC increased their price target on Canfor Pulp Products from C$13.00 to C$15.00 in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$14.05.
Shares of Canfor Pulp Products (TSE:CFX) opened at C$14.15 on Monday. Canfor Pulp Products has a fifty-two week low of C$10.06 and a fifty-two week high of C$14.58. The company has a market capitalization of $907.75, a P/E ratio of 14.01 and a beta of 0.58.
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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