Canfor Co. (TSE:CFP) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$29.10.
A number of equities research analysts recently weighed in on CFP shares. Raymond James Financial increased their price target on Canfor from C$30.00 to C$33.00 in a research note on Tuesday, January 30th. CIBC increased their price target on Canfor from C$27.00 to C$30.00 in a research note on Friday, January 12th. Royal Bank of Canada upgraded Canfor from an “underperform” rating to a “sector perform” rating and increased their price target for the company from C$20.00 to C$26.00 in a research note on Friday, January 12th. Scotiabank increased their price target on Canfor from C$25.25 to C$26.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Finally, TD Securities increased their price target on Canfor from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Tuesday.
Canfor (TSE CFP) traded up C$0.34 on Friday, reaching C$31.15. The company had a trading volume of 613,220 shares, compared to its average volume of 370,857. Canfor has a twelve month low of C$16.87 and a twelve month high of C$31.87. The company has a market cap of $4,010.00, a PE ratio of 11.93 and a beta of 1.95.
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Canfor Company Profile
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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