Canfor (TSE:CFP) Given New C$19.00 Price Target at Royal Bank of Canada

Canfor (TSE:CFP) had its price objective lowered by Royal Bank of Canada from C$21.00 to C$19.00 in a research report report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CFP has been the topic of a number of other research reports. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th. TD Securities lowered their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. CIBC increased their price objective on Canfor from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.33.

Canfor Price Performance

Shares of CFP stock opened at C$14.79 on Friday. The firm’s fifty day moving average price is C$16.90 and its two-hundred day moving average price is C$15.70. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. Canfor has a 1 year low of C$13.53 and a 1 year high of C$19.30. The firm has a market capitalization of C$1.75 billion, a P/E ratio of -4.39 and a beta of 2.08.

About Canfor

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