Royal Bank of Canada upgraded shares of Canfor (TSE:CFP) from an underperform rating to a sector perform rating in a report published on Friday. They currently have C$26.00 price target on the stock, up from their previous price target of C$20.00.
A number of other research analysts have also issued reports on CFP. CIBC boosted their target price on Canfor from C$21.00 to C$25.00 in a report on Thursday, October 19th. Scotiabank boosted their target price on Canfor from C$24.25 to C$25.25 and gave the company a sector perform rating in a report on Tuesday, October 24th. Finally, TD Securities boosted their target price on Canfor from C$29.00 to C$30.00 in a report on Tuesday, October 24th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Canfor currently has an average rating of Buy and a consensus target price of C$27.40.
Canfor (CFP) traded up C$1.43 on Friday, reaching C$27.19. The company’s stock had a trading volume of 849,500 shares, compared to its average volume of 278,548. The firm has a market capitalization of $3,520.00, a price-to-earnings ratio of 14.31 and a beta of 1.90. Canfor has a 52 week low of C$13.54 and a 52 week high of C$27.56.
WARNING: “Canfor (CFP) Upgraded to Sector Perform at Royal Bank of Canada” was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.thelincolnianonline.com/2018/01/13/canfor-cfp-upgraded-to-sector-perform-at-royal-bank-of-canada.html.
Canfor Company Profile
Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.
Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with MarketBeat.com's FREE daily email newsletter.