Analysts Set Canfor Co. (TSE:CFP) PT at C$21.00

Shares of Canfor Co. (TSE:CFP) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$21.00.

A number of equities analysts have recently weighed in on CFP shares. TD Securities lowered their target price on 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. Royal Bank of Canada lowered their price objective on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. BMO Capital Markets lowered shares of Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. Finally, CIBC cut their price target on Canfor from C$21.00 to C$19.00 in a research note on Wednesday.

Canfor Stock Up 0.7 %

CFP stock opened at C$15.58 on Thursday. The stock’s 50 day simple moving average is C$16.17 and its 200 day simple moving average is C$15.75. The company has a market cap of C$1.84 billion, a P/E ratio of -4.62 and a beta of 2.08. 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 has a fifty-two week low of C$13.53 and a fifty-two 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.