Canfor (TSE:CFP) had its target price raised by Royal Bank of Canada from C$26.00 to C$33.00 in a research report report published on Monday. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other equities analysts have also recently issued reports on the stock. Scotiabank raised their target price on shares of Canfor from C$25.25 to C$26.00 and gave the stock a sector perform rating in a report on Friday, November 3rd. CIBC raised their target price on shares of Canfor from C$27.00 to C$30.00 in a report on Friday, January 12th. Finally, Raymond James Financial raised their target price on shares of Canfor from C$17.00 to C$17.50 and gave the stock an outperform rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$28.58.
Canfor (TSE CFP) opened at C$30.32 on Monday. Canfor has a twelve month low of C$17.10 and a twelve month high of C$31.87. The stock has a market cap of $4,010.00, a PE ratio of 11.62 and a beta of 1.95.
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Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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