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Canfor Pulp Products insider Acquires C$137,258.53 in Stock

August 5, 2015

By: WKRB News

Canfor Pulp Products  insider Canfor Pulp Products Inc. bought 10,700 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average price of C$12.83 per share, for a total transaction of C$137,258.53.

Canfor Pulp Products Inc. also recently made the following trade(s):

On Wednesday, July 29th, Canfor Pulp Products Inc. acquired 10,000 shares of Canfor Pulp Products stock. The stock was purchased at an average price of C$12.39 per share, for a total transaction of C$123,927.00.

A number of research analysts have weighed in on CFX shares. Scotiabank cut their price objective on Canfor Pulp Products from C$17.50 to C$16.50 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Raymond James downgraded Canfor Pulp Products from a “strong-buy” rating to an “outperform” rating in a research report on Friday, July 10th. Finally, Dundee Securities lifted their price objective on Canfor Pulp Products from C$17.00 to C$18.50 in a research note on Tuesday, July 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Canfor Pulp Products has an average rating of “Buy” and an average target price of C$17.50.

Canfor Pulp Products opened at 12.52 on Friday. The stock has a 50 day moving average price of $15.25 and a 200 day moving average price of $15.27. The stock has a market cap of $878.93 million and a PE ratio of 9.76. Canfor Pulp Products has a 52 week low of $10.20 and a 52 week high of $17.02.

The business also recently disclosed a dividend, which will be distributed on Monday, August 10th. Stockholders of record on Monday, August 3rd will be given a $0.0482 dividend. The ex-dividend date of this dividend is Thursday, July 30th.

Canfor Pulp Products Inc.  is a Canada-based supplier of pulp and paper products. The Company operates in the central interior of British Columbia. CPPI operates in two segments: Pulp and Paper. Its Pulp segment includes the Company’s three pulp mills, which include the Northwood Pulp Mill, the Intercontinental Pulp Mill and the pulp portion of the Prince George Pulp and Paper Mill. Its Paper segment includes the paper produced at the Company’s Prince George Pulp and Paper Mill. The Northwood Pulp Mill is a two line pulp mill with annual production capacity of approximately 600,000 air-dried metric tons (ADMT) of Northern Bleached Softwood Kraft (NBSK) pulp. The Intercontinental Mill is a single-line pulp mill with annual production capacity of approximately 320,000 tons of NBSK pulp. The Prince George Pulp and Paper Mill is a two line pulp and paper mill. Its kraft paper production has capacity of approximately 140,000 tons.

 

By: WKRB News

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