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

Shares of Canfor Co. (TSE:CFP) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$21.33.

CFP has been the subject of several recent analyst reports. CIBC upped their target price on shares of Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. BMO Capital Markets cut Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. TD Securities dropped 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. Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada decreased their target price on 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.

Canfor Price Performance

Shares of TSE CFP opened at C$15.00 on Friday. The firm’s 50-day moving average price is C$16.85 and its 200-day moving average price is C$15.70. The firm has a market capitalization of C$1.78 billion, a P/E ratio of -4.45 and a beta of 2.08. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. Canfor has a 1-year low of C$13.53 and a 1-year 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.