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

Shares of Canfor Co. (TSE:CFP) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$21.33.

A number of research analysts have weighed in on CFP shares. CIBC increased their target price on Canfor from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. TD Securities decreased 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 cut shares of Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. Raymond James raised Canfor from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada dropped their price target on 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.

Canfor Stock Up 1.8 %

CFP opened at C$15.00 on Friday. The firm has a 50 day moving average price of C$16.85 and a 200-day moving average price of C$15.70. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -4.45 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. Canfor has a twelve month low of C$13.53 and a twelve month high of C$19.30.

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.