Canfor Co. (TSE:CFP) Receives Consensus Rating of "Moderate Buy" from Analysts

Canfor Co. (TSE:CFP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$20.33.

Several equities analysts have recently commented on the stock. 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 on the stock in a report on Friday, December 20th. BMO Capital Markets lowered shares of Canfor from an "outperform" rating to a "market perform" rating in a report on Friday, December 6th. TD Securities decreased their price objective on shares of Canfor from C$22.00 to C$21.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Scotiabank lowered shares of Canfor from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd. Finally, CIBC decreased their price objective on shares of Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th.

Canfor Trading Up 1.6 %

TSE:CFP traded up C$0.23 on Monday, hitting C$15.03. The stock had a trading volume of 158,890 shares, compared to its average volume of 154,500. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of -2.50 and a beta of 2.08. The company has a fifty day moving average price of C$15.35 and a two-hundred day moving average price of C$15.84. Canfor has a 1-year low of C$13.53 and a 1-year high of C$18.38.

About Canfor

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.