Canfor (TSE:CFP) PT Lowered to C$23.00 at TD Securities

Canfor (TSE:CFP) had its price target trimmed by TD Securities from C$24.00 to C$23.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada lowered their price target on Canfor from C$30.00 to C$27.00 and set an outperform rating for the company in a report on Friday, October 20th. CIBC lowered their price target on Canfor from C$28.00 to C$23.00 and set an outperform rating for the company in a report on Friday, October 13th. Finally, Raymond James lowered their price target on Canfor from C$28.00 to C$23.00 and set an outperform rating for the company in a report on Friday, October 20th.

Canfor Stock Up 2.3 %

Shares of TSE:CFP opened at C$16.60 on Monday. The company has a quick ratio of 2.14, a current ratio of 3.00 and a debt-to-equity ratio of 8.78. The business has a fifty day moving average of C$16.65 and a two-hundred day moving average of C$19.48. The stock has a market cap of C$1.99 billion, a P/E ratio of -6.72 and a beta of 2.01. Canfor has a 52-week low of C$13.41 and a 52-week high of C$27.36.

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 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.