Canfor (TSE:CFP) had its price objective lifted by analysts at Raymond James Financial from C$30.00 to C$33.00 in a research note issued to investors on Tuesday. Raymond James Financial’s target price would indicate a potential upside of 14.62% from the company’s previous close.
CFP has been the subject of a number of other reports. CIBC increased their price objective on Canfor from C$27.00 to C$30.00 in a report on Friday, January 12th. Scotiabank increased their price objective on 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 increased their price objective on Canfor from C$29.00 to C$30.00 in a report on Tuesday, October 24th. Finally, Royal Bank of Canada raised Canfor from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from C$20.00 to C$26.00 in a report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Canfor currently has an average rating of “Buy” and an average target price of C$29.00.
Shares of Canfor (CFP) traded down C$0.63 during mid-day trading on Tuesday, reaching C$28.79. The company had a trading volume of 206,548 shares, compared to its average volume of 274,777. Canfor has a 1-year low of C$13.83 and a 1-year high of C$29.52. The company has a market cap of $3,800.00, a price-to-earnings ratio of 15.24 and a beta of 1.90.
Canfor Company Profile
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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