Canfor (CFP) Price Target Cut to C$23.00 by Analysts at CIBC

Canfor (TSE:CFP) had its target price lowered by CIBC from C$25.00 to C$23.00 in a research report report published on Monday morning.

CFP has been the subject of several other research reports. BMO Capital Markets decreased their target price on Canfor from C$27.00 to C$22.00 in a research report on Friday, October 19th. TD Securities increased their target price on Canfor from C$41.00 to C$42.00 and gave the stock a buy rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$33.00.

Shares of TSE:CFP opened at C$18.50 on Monday. Canfor has a 52-week low of C$18.33 and a 52-week high of C$34.04.

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 remanufactured and finger-jointed lumber, engineered wood products, wood chips, wood pellets, and logs, as well as produces green energy.

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Analyst Recommendations for Canfor (TSE:CFP)

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