Brokerages Set Canfor Co. (CFP) PT at $18.35
Shares of Canfor Co. (TSE:CFP) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the firm. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$18.35.
CFP has been the subject of several research analyst reports. Dundee Securities raised shares of Canfor from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Raymond James Financial Inc. lowered their price objective on shares of Canfor from C$19.50 to C$18.00 in a research report on Thursday, October 20th. Scotiabank reiterated an “outperform” rating and set a C$19.75 price objective on shares of Canfor in a research report on Thursday, October 27th. CIBC lowered their price objective on shares of Canfor from C$21.00 to C$20.00 in a research report on Wednesday, August 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a C$16.00 price objective (up previously from C$14.00) on shares of Canfor in a research report on Thursday, October 27th.
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Canfor (TSE:CFP) opened at 15.07 on Friday. The stock has a market cap of $2.00 billion and a PE ratio of 17.50. Canfor has a 12 month low of $11.96 and a 12 month high of $21.26. The company’s 50 day moving average is $14.44 and its 200 day moving average is $14.53.
Canfor Corporation is a Canada-based integrated forest products company. The Company is engaged in the production of softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. The Company operates through two segments: Lumber, and Pulp and Paper.
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