Canfor Co. (TSE:CFP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Canfor Co. (TSE:CFP) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$21.33.

A number of equities research analysts have recently issued reports on the stock. CIBC increased their price target 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. Royal Bank of Canada lowered their target price 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. Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. TD Securities decreased their price target on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Finally, BMO Capital Markets lowered Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th.

Canfor Trading Up 1.8 %

Shares of CFP opened at C$15.00 on Friday. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$19.30. The business has a 50-day moving average of C$16.76 and a 200 day moving average of C$15.69. The firm has a market cap of C$1.78 billion, a P/E ratio of -4.45 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.

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.