CIBC Lowers Canfor Pulp Products (TSE:CFX) Price Target to C$1.00

Canfor Pulp Products (TSE:CFX) had its target price reduced by investment analysts at CIBC from C$1.25 to C$1.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 47.06% from the stock’s previous close.

Separately, Royal Bank of Canada dropped their price objective on Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research note on Friday, December 20th.

Canfor Pulp Products Stock Performance

Shares of CFX traded down C$0.05 during trading hours on Monday, hitting C$0.68. The stock had a trading volume of 2,789 shares, compared to its average volume of 15,254. The stock has a fifty day moving average price of C$0.79 and a 200 day moving average price of C$0.86. Canfor Pulp Products has a 12 month low of C$0.66 and a 12 month high of C$1.77. The company has a debt-to-equity ratio of 57.90, a current ratio of 0.91 and a quick ratio of 0.73. The firm has a market capitalization of C$45.47 million, a PE ratio of -0.26, a PEG ratio of -25.62 and a beta of 1.33.

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.