Raymond James Financial Issues Pessimistic Forecast for Canfor Pulp Products (TSE:CFX) Stock Price

Canfor Pulp Products (TSE:CFX) had its target price cut by research analysts at Raymond James Financial from C$1.00 to C$0.75 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 87.50% from the company’s current price.

Canfor Pulp Products Trading Down 4.8%

TSE:CFX opened at C$0.40 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. The business’s 50 day moving average is C$0.50 and its two-hundred day moving average is C$0.64. Canfor Pulp Products has a 52 week low of C$0.33 and a 52 week high of C$1.01. The company has a market cap of C$26.09 million, a PE ratio of -0.17, a P/E/G ratio of -25.62 and a beta of 0.05.

Canfor Pulp Products Company Profile

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.