Royal Bank of Canada Downgrades Canfor Pulp Products (OTCMKTS:CFPUF) to Sector Perform

Canfor Pulp Products (OTCMKTS:CFPUF) was downgraded by Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Friday, FlyOnTheWall reports.

Separately, TD Securities decreased their target price on shares of Canfor Pulp Products from C$2.50 to C$2.25 in a research note on Monday, July 31st.

Canfor Pulp Products Price Performance

Shares of OTCMKTS CFPUF opened at $1.45 on Friday. Canfor Pulp Products has a 1-year low of $1.25 and a 1-year high of $3.98. The business has a 50-day moving average of $1.54 and a 200-day moving average of $1.71.

About Canfor Pulp Products

Canfor Pulp Products Inc, together with its subsidiaries, engages in the production and supply of pulp and paper products in Canada, Europe, Asia, the United States, and internationally. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and coloured kraft papers.