Canfor Pulp Products (CFX) Hits New 12-Month High at $14.50

Canfor Pulp Products Inc. (TSE:CFX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$14.50 and last traded at C$14.16, with a volume of 5924 shares. The stock had previously closed at C$14.25.

Several equities analysts have commented on the stock. CIBC lifted their target price on shares of Canfor Pulp Products from C$13.00 to C$15.00 in a research report on Thursday, October 19th. Scotiabank reissued a “sector perform” rating and set a C$13.75 target price on shares of Canfor Pulp Products in a research report on Tuesday, October 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$13.55.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Thursday, November 9th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.25 annualized dividend and a dividend yield of 1.81%. Canfor Pulp Products’s dividend payout ratio is currently 24.75%.

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Canfor Pulp Products Company Profile

Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.

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