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

Shares of Canfor Co. (TSE:CFP) have received a consensus recommendation of “Buy” from the six analysts that are covering the firm, 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 12-month target price among brokerages that have issued a report on the stock in the last year is C$21.33.

Several analysts have commented on CFP shares. Raymond James upgraded Canfor from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. TD Securities dropped their price objective 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. Finally, CIBC boosted their target price on Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th.

Canfor Trading Down 1.1 %

TSE:CFP opened at C$17.73 on Wednesday. The stock has a market cap of C$2.10 billion, a price-to-earnings ratio of -5.26 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The company’s 50 day moving average price is C$17.05 and its 200-day moving average price is C$15.60. Canfor has a 52 week low of C$13.53 and a 52 week high of C$19.30.

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.