Analysts Set Canfor Co. (TSE:CFP) Price Target at C$21.33

Canfor Co. (TSE:CFP) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$21.33.

Several equities analysts have issued reports on CFP shares. Raymond James raised shares of Canfor from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. TD Securities lowered their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Finally, CIBC raised their target price on shares of Canfor from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th.

Canfor Trading Down 1.1 %

Shares of CFP stock opened at C$17.73 on Wednesday. The company has a market capitalization of C$2.10 billion, a P/E ratio of -5.26 and a beta of 2.08. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. The business’s 50 day moving average is C$17.05 and its two-hundred day moving average is C$15.59. Canfor has a twelve month low of C$13.53 and a twelve month high of C$19.30.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.