Analysts Set Canfor Co. (TSE:CFP) Price Target at C$21.33

Canfor Co. (TSE:CFP) has received an average rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$21.33.

Several research firms recently commented on CFP. CIBC increased their target price on shares of Canfor from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Raymond James raised shares of Canfor from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Finally, TD Securities lowered their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th.

Canfor Stock Performance

TSE:CFP opened at C$17.73 on Wednesday. Canfor has a 1-year low of C$13.53 and a 1-year high of C$19.30. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14. The business has a 50 day moving average of C$17.05 and a 200 day moving average of C$15.60. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -5.26 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.