Royal Bank Of Canada Cuts Canfor Pulp Products (TSE:CFX) Price Target to C$0.50

Canfor Pulp Products (TSE:CFX) had its price target cut by Royal Bank Of Canada from C$0.70 to C$0.50 in a research note published on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Raymond James Financial decreased their target price on shares of Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Canfor Pulp Products has an average rating of “Hold” and an average target price of C$0.67.

Canfor Pulp Products Price Performance

CFX opened at C$0.40 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. Canfor Pulp Products has a 52-week low of C$0.33 and a 52-week high of C$1.01. The company has a 50 day moving average of C$0.48 and a two-hundred day moving average of C$0.63. The company has a market cap of C$26.09 million, a P/E ratio of -0.17, a P/E/G ratio of -25.62 and a beta of 0.05.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue.