Canfor (TSE:CFP – Get Rating) had its price target decreased by stock analysts at CIBC from C$44.00 to C$36.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 44.46% from the stock’s previous close.
CFP has been the topic of several other research reports. Scotiabank raised their price objective on shares of Canfor from C$40.00 to C$45.00 in a research report on Wednesday, January 12th. BMO Capital Markets raised their price objective on shares of Canfor from C$36.00 to C$40.00 in a research report on Tuesday, January 25th. TD Securities cut their price objective on shares of Canfor from C$41.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Raymond James set a C$55.00 price objective on shares of Canfor and gave the company a “strong-buy” rating in a research report on Wednesday, March 2nd. Finally, Royal Bank of Canada cut their price objective on shares of Canfor from C$45.00 to C$40.00 in a research report on Thursday, April 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$42.17.
Shares of CFP stock traded down C$0.76 during trading on Thursday, hitting C$24.92. 164,864 shares of the company were exchanged, compared to its average volume of 337,374. The company has a debt-to-equity ratio of 8.38, a quick ratio of 1.73 and a current ratio of 2.93. The firm has a market capitalization of C$3.10 billion and a price-to-earnings ratio of 2.33. The business’s 50-day simple moving average is C$27.20 and its 200 day simple moving average is C$28.35. Canfor has a twelve month low of C$22.16 and a twelve month high of C$35.53.
Canfor Company Profile (Get Rating)
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.
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