Today, an analyst has provided a rating update for the Consumer Goods sector company, Canfor Pulp Products (TSX: CFX). Analyst Benoit Laprade from Scotiabank reiterated a Hold rating, with a C$25.50 price target.
According to TipRanks.com, Laprade is a 4-star analyst with an average return of 5.3% and a 71.8% success rate. Laprade covers the Consumer Goods sector, focusing on stocks such as Fibria Celulose SA, Resolute Forest, and Methanex Corp.
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Canfor Pulp Products has an analyst consensus of Hold, with a price target consensus of C$26.10.
Canfor Pulp Products’ market cap is currently C$1.78B and has a P/E ratio of 9.6. The company has a Price to Book ratio of 2.61.
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$27.74, close to its 52-week high of C$28.12.
