Canfor (TSE:CFP - Free Report) had its target price lifted by CIBC from C$20.00 to C$21.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other equities analysts have also issued reports on the stock. TD Securities reduced their target price on shares of Canfor from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Tuesday. Royal Bank of Canada lifted their target price on Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. BMO Capital Markets lowered their price objective on 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. Scotiabank cut their target price on shares of Canfor from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 30th. Finally, Raymond James upgraded shares of Canfor from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$21.33.
Check Out Our Latest Stock Analysis on Canfor
Canfor Price Performance
Shares of CFP stock traded down C$0.66 during trading hours on Tuesday, hitting C$16.61. 301,098 shares of the company's stock were exchanged, compared to its average volume of 200,316. Canfor has a 52 week low of C$13.53 and a 52 week high of C$19.30. The stock has a market cap of C$1.97 billion, a price-to-earnings ratio of -4.94 and a beta of 2.08. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14. The stock's 50-day moving average is C$15.90 and its 200-day moving average is C$15.20.
Canfor Company Profile
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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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