Raymond James Lowers Canfor (TSE:CFP) Price Target to C$24.00

Canfor (TSE:CFP) had its target price lowered by investment analysts at Raymond James from C$28.00 to C$24.00 in a note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 59.05% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. TD Securities lowered their target price on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. BMO Capital Markets lowered Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. CIBC dropped their price objective on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reduced their target price on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$20.33.

Canfor Trading Up 0.1 %

Shares of TSE:CFP opened at C$15.09 on Thursday. Canfor has a 12-month low of C$13.53 and a 12-month high of C$18.38. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The firm has a market capitalization of C$1.79 billion, a P/E ratio of -4.48 and a beta of 2.08. The firm has a fifty day moving average of C$15.81 and a two-hundred day moving average of C$15.82.

Canfor Company Profile

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.