Shares of Canfor Co. (TSE:CFP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$21.00.
A number of research firms recently commented on CFP. BMO Capital Markets lowered Canfor from an "outperform" rating to a "market perform" rating in a research report on Friday, December 6th. Raymond James raised Canfor from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. CIBC cut their price objective on Canfor from C$21.00 to C$19.00 in a research report on Wednesday. Royal Bank of Canada decreased their target price on shares of Canfor from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Finally, TD Securities dropped their price target 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.
Check Out Our Latest Research Report on Canfor
Canfor Trading Up 1.2 %
TSE:CFP traded up C$0.18 on Thursday, hitting C$15.47. The stock had a trading volume of 74,892 shares, compared to its average volume of 164,364. The company has a fifty day moving average price of C$16.20 and a two-hundred day moving average price of C$15.74. Canfor has a 1-year low of C$13.53 and a 1-year high of C$18.38. 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 cap of C$1.83 billion, a price-to-earnings ratio of -4.59 and a beta of 2.08.
Canfor Company Profile
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Get Free ReportCanfor 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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