Canfor Corporation Lowered to “Outperform” at Raymond James (CFP)
Canfor Corporation (TSE:CFP) was downgraded by research analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report released on Monday, Stock Ratings News reports.
CFP has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Canfor Corporation from C$23.50 to C$27.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Analysts at TD Securities raised their price target on shares of Canfor Corporation from C$24.00 to C$27.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$24.50.
Canfor Corporation (TSE:CFP) traded down 2.33% during mid-day trading on Monday, hitting $22.25. The stock had a trading volume of 213,264 shares. Canfor Corporation has a 52-week low of $12.34 and a 52-week high of $23.50. The stock’s 50-day moving average is $21.22 and its 200-day moving average is $19.99. The company has a market cap of $3.159 billion and a P/E ratio of 14.79.
Canfor Corporation (TSE:CFP) is an integrated forest products company.
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