Canfor Pulp Products Receives a Buy from Scotiabank

By Ryan Adsit

The Consumer Goods sector company, Canfor Pulp Products (TSX: CFX), has received a rating update from a Wall Street analyst today. Analyst Benoit Laprade from Scotiabank rated Canfor Pulp Products (TSX: CFX) a Buy, setting a C$12.75 price target.

Laprade has an average return of 7.4% when recommending Canfor Pulp Products.

According to TipRanks.com, Laprade is ranked #609 out of 4561 analysts.

Canfor Pulp Products has an analyst consensus of Moderate Buy, with a price target consensus of C$12.75.

Canfor Pulp Products’ market cap is currently C$791.7M and has a P/E ratio of 13.7.

Canfor Pulp Products, Inc. engages in the business of investing in pulp and paper producing assets. It is a supplier of pulp and paper products, which produces and sells northern bleached softwood Kraft pulp and fully bleached Kraft paper. The company operates through the following segments: Pulp and Paper. Canfor Pulp Products was founded on March 12, 2010 and is headquartered in Vancouver, Canada.

The company’s shares closed last Thursday at $12.01.