Analysts Set Canfor Co. (TSE:CFP) Target Price at C$20.33

Shares of Canfor Co. (TSE:CFP) have received an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$20.00.

CFP has been the subject of a number of research analyst reports. BMO Capital Markets cut Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. Raymond James dropped their target price on shares of Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. Royal Bank of Canada decreased their price target on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Scotiabank cut shares of Canfor from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Finally, TD Securities reduced their price objective on Canfor from C$20.00 to C$19.00 and set a “buy” rating on the stock in a report on Monday.

Canfor Trading Up 1.0 %

Shares of CFP opened at C$15.39 on Friday. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19. The company has a market cap of C$1.85 billion, a price-to-earnings ratio of -2.56 and a beta of 2.08. The stock has a fifty day moving average price of C$15.10 and a two-hundred day moving average price of C$15.85. Canfor has a 52-week low of C$13.53 and a 52-week high of C$18.38.

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.