Canfor (TSE:CFP) Price Target Lowered to C$19.00 at CIBC

Canfor (TSE:CFP) had its target price dropped by CIBC from C$21.00 to C$19.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 25.33% from the company’s previous close.

CFP has been the subject of several other reports. Royal Bank of Canada decreased their price objective on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. TD Securities decreased their target price on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. BMO Capital Markets cut Canfor from an “outperform” rating to a “market perform” rating in a report on Friday, December 6th. Finally, Raymond James upgraded Canfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Canfor currently has an average rating of “Moderate Buy” and an average target price of C$21.00.

Canfor Stock Up 1.0 %

Shares of Canfor stock traded up C$0.15 on Wednesday, reaching C$15.16. The stock had a trading volume of 86,663 shares, compared to its average volume of 167,767. Canfor has a 1 year low of C$13.53 and a 1 year high of C$18.41. The company has a 50 day moving average price of C$16.25 and a 200 day moving average price of C$15.72. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The stock has a market capitalization of C$1.80 billion, a P/E ratio of -4.50 and a beta of 2.08.

Canfor Company Profile

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.