Canfor Co. (CFP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Canfor Co. (TSE:CFP) have earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$25.20.

CFP has been the topic of a number of research reports. Scotiabank boosted their target price on shares of Canfor from C$25.25 to C$26.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. TD Securities boosted their target price on shares of Canfor from C$29.00 to C$30.00 in a report on Tuesday, October 24th. Finally, CIBC boosted their target price on shares of Canfor from C$21.00 to C$25.00 in a report on Thursday, October 19th.

Shares of Canfor (TSE:CFP) opened at C$25.85 on Friday. Canfor has a fifty-two week low of C$13.54 and a fifty-two week high of C$27.15. The company has a market cap of $3,340.00, a P/E ratio of 13.61 and a beta of 1.90.

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About Canfor

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.

Analyst Recommendations for Canfor (TSE:CFP)

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