Canfor Pulp Products (CFX) Gets a Buy Rating from Raymond James


Canfor Pulp Products (CFX), the Consumer Goods sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Daryl Swetlishoff from Raymond James reiterated a Buy rating, with a C$25 price target.

According to TipRanks.com, Swetlishoff is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.8% and a 23.1% success rate. Swetlishoff covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Weatherford, and Norbord Inc.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canfor Pulp Products with a C$21.25 average price target.

The company has a one-year high of C$28.12 and a one-year low of C$13.63. Currently, Canfor Pulp Products has an average volume of 76.63K.

Canfor Pulp Products, Inc. engages in the manufacture, supply, and sale of pulp and paper products. It operates through the Pulp and Paper segments. The Pulp segment includes the purchase of residual fibre, and production and sale of pulp products in Northern Bleached Softwood Kraft and Bleached Chemi-Thermo Mechanical Pulp mills.

The company’s shares closed on Friday at C$18.36.