Royal Bank of Canada Has Lowered Expectations for Canfor Pulp Products (TSE:CFX) Stock Price

Canfor Pulp Products (TSE:CFX) had its target price dropped by research analysts at Royal Bank of Canada from C$1.25 to C$1.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 31.58% from the stock’s previous close.

Canfor Pulp Products Price Performance

Shares of Canfor Pulp Products stock opened at C$0.76 on Friday. Canfor Pulp Products has a one year low of C$0.69 and a one year high of C$2.01. The firm has a fifty day moving average of C$0.89 and a two-hundred day moving average of C$0.98. The company has a debt-to-equity ratio of 32.11, a quick ratio of 0.73 and a current ratio of 0.90. The company has a market cap of C$49.57 million, a P/E ratio of -0.62, a PEG ratio of -25.62 and a beta of 1.33.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.