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

Shares of Canfor Co. (TSE:CFP) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$21.33.

A number of equities research analysts have recently weighed in on CFP shares. Scotiabank reduced their price target on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 30th. TD Securities cut their target price on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. CIBC lifted their target price on shares of Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their target price on shares of Canfor from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, BMO Capital Markets cut their target price on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 23rd.

Canfor Trading Down 0.4 %

CFP opened at C$17.00 on Friday. The company’s 50 day moving average is C$16.11 and its 200-day moving average is C$15.25. Canfor has a 1-year low of C$13.53 and a 1-year high of C$19.30. 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 company has a market cap of C$2.01 billion, a P/E ratio of -5.04 and a beta of 2.08.

About Canfor

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.