CIBC Issues Pessimistic Forecast for Canfor Pulp Products (TSE:CFX) Stock Price

Canfor Pulp Products (TSE:CFX) had its price target dropped by investment analysts at CIBC from C$1.25 to C$1.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 47.06% from the stock’s previous close.

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

Canfor Pulp Products Trading Down 6.8 %

TSE:CFX traded down C$0.05 on Monday, reaching C$0.68. The stock had a trading volume of 2,789 shares, compared to its average volume of 15,254. Canfor Pulp Products has a 12-month low of C$0.66 and a 12-month high of C$1.77. The firm’s fifty day moving average is C$0.79 and its two-hundred day moving average is C$0.86. The company has a debt-to-equity ratio of 57.90, a current ratio of 0.91 and a quick ratio of 0.73. The company has a market cap of C$45.47 million, a price-to-earnings ratio of -0.26, a P/E/G ratio of -25.62 and a beta of 1.33.

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.