Canfor (OTCMKTS:CFPZF) had its target price hoisted by equities research analysts at Royal Bank of Canada from $40.00 to $45.00 in a research note issued on Monday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 67.66% from the company’s previous close.
Several other equities analysts also recently commented on CFPZF. CIBC upped their price target on shares of Canfor from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Raymond James upped their price target on shares of Canfor from $37.50 to $40.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 25th. Scotiabank upped their price target on shares of Canfor from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. BMO Capital Markets upped their price target on shares of Canfor from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Finally, TD Securities increased their price objective on shares of Canfor from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 26th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Canfor currently has a consensus rating of “Buy” and a consensus price target of $39.00.
Shares of CFPZF opened at $26.84 on Monday. The company’s 50-day moving average is $23.00 and its 200-day moving average is $18.66. Canfor has a fifty-two week low of $6.06 and a fifty-two week high of $27.81.
Canfor Corp. operates as an integrated forest products company. It operates through the Lumber and Pulp and Paper segments. The Lumber segment deals with logging activities and manufactures wood chips, pellets, and wood products. The Pulp and Paper segment produces and trades northern bleached softwood kraft and bleached chemi-thermo mechanical pulp.
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