Canfor Pulp Products (OTCMKTS:CFPUF) had its target price boosted by Scotiabank from $8.00 to $10.00 in a research report released on Wednesday morning, The Fly reports. Scotiabank currently has a sector perform rating on the stock.
Several other brokerages have also issued reports on CFPUF. Royal Bank of Canada raised shares of Canfor Pulp Products from a sector perform rating to an outperform rating and raised their target price for the company from $8.00 to $12.00 in a research note on Thursday, March 4th. CIBC raised their target price on shares of Canfor Pulp Products from $8.50 to $10.00 and gave the company a neutral rating in a research note on Monday, March 1st. Raymond James raised their target price on shares of Canfor Pulp Products from $9.50 to $13.50 and gave the company an outperform rating in a research note on Thursday, February 25th. Finally, TD Securities raised their target price on shares of Canfor Pulp Products from $9.50 to $10.00 and gave the company a hold rating in a research note on Friday, February 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $11.10.
CFPUF opened at $7.21 on Wednesday. Canfor Pulp Products has a 1-year low of $3.49 and a 1-year high of $8.50. The firm has a 50-day moving average price of $7.50 and a two-hundred day moving average price of $5.63.
Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached, unbleached, and colored kraft papers.
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