TD Securities Reaffirms Their Hold Rating on Canfor Pulp Products (CFX)


In a new note to investors on October 26, an analyst has provided a rating update for the Consumer Goods sector company, Canfor Pulp Products (TSX: CFX). Analyst Sean Steuart from TD Securities remains neutral on the stock and has a C$24 price target.

Steuart has an average return of 38.4% when recommending Canfor Pulp Products.

According to TipRanks.com, Steuart is ranked #758 out of 4874 analysts.

Currently, the analyst consensus on Canfor Pulp Products is a Hold with an average price target of C$24.33, implying an 8.9% upside from current levels. In a report issued on October 22, RBC Capital also reiterated a Hold rating on the stock with a C$26 price target.

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The company has a one-year high of C$28.12 and a one-year low of C$12.68. Currently, Canfor Pulp Products has an average volume of 113.5K.

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$22.34.

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