Scotiabank Keeps a Hold Rating on Canfor Pulp Products (CFX)


Canfor Pulp Products (CFX), the Consumer Goods sector company, was revisited by a Wall Street analyst yesterday. Analyst Benoit Laprade from Scotiabank remains neutral on the stock and has a C$20 price target.

According to TipRanks.com, Laprade is a 2-star analyst with an average return of 0.1% and a 60.1% success rate. Laprade covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Louisiana-Pacific, and Cascades Inc.

Read also: Last Minute Thought: Buy or Sell Roku Stock Before Q4:18 Earnings?

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canfor Pulp Products with a C$21.50 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 75.48K.

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 Thursday at C$18.79.