Scotiabank Cuts Canfor Pulp Products (OTCMKTS:CFPUF) Price Target to C$7.00

Canfor Pulp Products (OTCMKTS:CFPUF) had its target price decreased by Scotiabank from C$8.50 to C$7.00 in a research report report published on Wednesday, The Fly reports.

A number of other research firms have also weighed in on CFPUF. CIBC cut their target price on shares of Canfor Pulp Products from C$8.00 to C$7.00 in a report on Monday, January 10th. Royal Bank of Canada lowered shares of Canfor Pulp Products from an outperform rating to a sector perform rating in a research note on Wednesday, October 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Canfor Pulp Products currently has an average rating of Hold and a consensus price target of $7.90.

CFPUF stock opened at $4.96 on Wednesday. The firm has a fifty day moving average price of $5.02 and a 200 day moving average price of $5.36. Canfor Pulp Products has a fifty-two week low of $4.79 and a fifty-two week high of $8.50.

About Canfor Pulp Products

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.

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