Royal Bank Of Canada Cuts Canfor Pulp Products (TSE:CFX) Price Target to C$0.40

Canfor Pulp Products (TSE:CFX) had its target price reduced by equities researchers at Royal Bank Of Canada from C$0.50 to C$0.40 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 17.65% from the company’s current price.

Separately, Raymond James Financial cut their price objective on Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating for the company in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$0.63.

Canfor Pulp Products Price Performance

CFX traded up C$0.01 during trading on Friday, reaching C$0.34. The stock had a trading volume of 51,445 shares, compared to its average volume of 24,879. The firm has a market capitalization of C$22.18 million, a price-to-earnings ratio of -0.14, a price-to-earnings-growth ratio of -25.62 and a beta of -0.09. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. Canfor Pulp Products has a 1-year low of C$0.33 and a 1-year high of C$1.00. The stock has a 50 day moving average of C$0.43 and a two-hundred day moving average of C$0.60.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue.