Canfor Co. (CFP) Price Target Raised to C$26.00
Canfor Co. (TSE:CFP) had its price target raised by equities researchers at Scotiabank from C$25.25 to C$26.00 in a research report issued on Friday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 0.85% from the company’s previous close.
Several other analysts have also issued reports on CFP. Royal Bank Of Canada boosted their price target on Canfor from C$17.00 to C$18.00 and gave the company an “underperform” rating in a report on Friday, July 28th. BMO Capital Markets lowered Canfor from an “outperform” rating to a “market perform” rating in a report on Monday, August 14th. TD Securities boosted their price target on Canfor from C$29.00 to C$30.00 in a report on Tuesday, October 24th. Raymond James Financial, Inc. boosted their price target on Canfor from C$24.00 to C$25.00 and gave the company a “strong-buy” rating in a report on Thursday, July 27th. Finally, CIBC boosted their price target on Canfor from C$25.00 to C$27.00 in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Canfor presently has an average rating of “Hold” and a consensus target price of C$25.20.
Shares of Canfor (TSE CFP) traded up C$0.14 on Friday, hitting C$25.78. The company had a trading volume of 202,100 shares.
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In other Canfor news, insider James A. Pattison acquired 225,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of C$21.20 per share, with a total value of C$4,770,000.00.
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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