Canfor Co. (CFP) Given Average Rating of “Hold” by Brokerages
Canfor Co. (TSE:CFP) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$25.20.
Several equities analysts have issued reports on the stock. Scotiabank upped their price objective on shares of Canfor from C$25.25 to C$26.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. TD Securities upped their price objective on shares of Canfor from C$29.00 to C$30.00 in a research note on Tuesday, October 24th. CIBC increased their target price on shares of Canfor from C$25.00 to C$27.00 in a research note on Thursday, October 26th. Finally, BMO Capital Markets downgraded shares of Canfor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th.
Canfor (CFP) opened at C$25.04 on Monday. Canfor has a 12 month low of C$13.54 and a 12 month high of C$27.15.
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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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