Canfor (TSE:CFP) Given New C$19.00 Price Target at TD Securities

Canfor (TSE:CFP - Get Free Report) had its price target cut by equities researchers at TD Securities from C$20.00 to C$19.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 22.11% from the company's current price.

Several other research analysts also recently commented on CFP. Raymond James reduced their price objective on Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. BMO Capital Markets downgraded Canfor from an "outperform" rating to a "market perform" rating in a report on Friday, December 6th. Scotiabank downgraded Canfor from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd. CIBC cut their price target on Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada cut their price target on Canfor from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$20.00.

Canfor Trading Up 1.1 %

CFP traded up C$0.17 during trading on Monday, hitting C$15.56. 48,143 shares of the stock were exchanged, compared to its average volume of 175,626. The firm has a 50 day simple moving average of C$15.10 and a 200 day simple moving average of C$15.85. The firm has a market cap of C$1.87 billion, a price-to-earnings ratio of -2.59 and a beta of 2.08. Canfor has a 1 year low of C$13.53 and a 1 year high of C$18.38. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19.

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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.