Canfor Co. (TSE:CFP) Receives C$21.33 Average Price Target from Analysts

Shares of Canfor Co. (TSE:CFP) have earned a consensus rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$21.33.

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

Canfor Price Performance

Shares of TSE CFP opened at C$17.73 on Wednesday. The stock’s 50-day simple moving average is C$17.05 and its 200-day simple moving average is C$15.59. The firm has a market capitalization of C$2.10 billion, a PE ratio of -5.26 and a beta of 2.08. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$19.30. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99.

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.