Canfor Pulp Products (TSX: CFX), the Consumer Goods sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Benoit Laprade from Scotiabank rated Canfor Pulp Products (TSX: CFX) a Hold, setting a C$24.50 price target.
According to TipRanks.com, Laprade is a 4-star analyst with an average return of 4.3% and a 69.6% success rate. Laprade covers the Consumer Goods sector, focusing on stocks such as Fibria Celulose SA, Resolute Forest, and Domtar Corp.
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Canfor Pulp Products has an analyst consensus of Hold, with a price target consensus of C$25.30, which is a -2.1% downside from current levels. In a report issued on July 11, CIBC also reiterated a Hold rating on the stock with a C$27 price target.
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The company has a one-year high of C$26.85 and a one-year low of C$11.80. Currently, Canfor Pulp Products has an average volume of 127K.
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 Wednesday at C$25.84, close to its 52-week high of C$26.85.
