Canfor Pulp Products Inc (CFX) Shares Down 4.1%
Shares of Canfor Pulp Products Inc (TSE:CFX) fell 4.1% during mid-day trading on Monday . The stock traded as low as C$14.21 and last traded at C$13.65. 24,449 shares traded hands during trading, an increase of 4% from the average session volume of 23,452 shares. The stock had previously closed at C$14.24.
Several research firms have issued reports on CFX. Scotiabank restated a “sector perform” rating and set a C$13.75 price target on shares of Canfor Pulp Products in a research report on Tuesday, October 24th. CIBC upped their price target on shares of Canfor Pulp Products from C$13.00 to C$15.00 in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Canfor Pulp Products currently has an average rating of “Hold” and a consensus target price of C$13.55.
The company also recently announced 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 of this dividend is Wednesday, November 1st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.79%.
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Canfor Pulp Products Company Profile
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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