Canfor (TSE:CFP) PT Lowered to C$21.00

Canfor (TSE:CFPGet Free Report) had its target price reduced by equities researchers at TD Securities from C$22.00 to C$21.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 26.13% from the company’s current price.

Several other equities analysts have also recently commented on the stock. CIBC boosted their target price on shares of Canfor from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Raymond James upgraded shares of Canfor from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Scotiabank dropped their target price on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. BMO Capital Markets dropped their target price on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Canfor from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$21.33.

Check Out Our Latest Stock Report on Canfor

Canfor Price Performance

Shares of TSE:CFP traded down C$0.62 during midday trading on Tuesday, hitting C$16.65. The stock had a trading volume of 137,723 shares, compared to its average volume of 199,534. The company’s 50-day moving average price is C$15.90 and its 200-day moving average price is C$15.20. The company has a market capitalization of C$1.97 billion, a P/E ratio of -4.95 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 fifty-two week low of C$13.53 and a fifty-two week high of C$19.30.

Canfor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Canfor (TSE:CFP)

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