Analysts Set Canfor Co. (TSE:CFP) PT at C$16.50

Shares of Canfor Co. (TSE:CFP) have earned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$16.50.

Several research analysts have commented on CFP shares. Raymond James Financial lowered their target price on Canfor from C$19.00 to C$17.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. TD Securities decreased their price target on Canfor from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada decreased their price objective on shares of Canfor from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research report on Monday.

Canfor Price Performance

TSE:CFP opened at C$12.08 on Friday. Canfor has a 52 week low of C$12.04 and a 52 week high of C$18.38. The firm’s 50-day simple moving average is C$12.94 and its 200 day simple moving average is C$13.43. The firm has a market cap of C$1.41 billion, a price-to-earnings ratio of -2.21 and a beta of 2.01. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19.

Canfor Company Profile

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.