CIBC Cuts Canfor Pulp Products (TSE:CFX) Price Target to C$1.00

Canfor Pulp Products (TSE:CFX) had its target price decreased by CIBC from C$1.25 to C$1.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Separately, Royal Bank of Canada lowered their target price on shares of Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a report on Friday, December 20th.

Canfor Pulp Products Price Performance

Canfor Pulp Products stock opened at C$0.69 on Monday. The firm has a 50-day moving average price of C$0.79 and a 200-day moving average price of C$0.86. The firm has a market capitalization of C$46.14 million, a PE ratio of -0.26, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 57.90. Canfor Pulp Products has a 12-month low of C$0.66 and a 12-month high of C$1.77.

About Canfor Pulp Products

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.