Canfor Co. (TSE:CFP) Receives C$20.33 Consensus Price Target from Analysts

Shares of Canfor Co. (TSE:CFP) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$20.33.

Several research analysts have recently issued reports on the company. CIBC reduced their price target on Canfor from C$21.00 to C$19.00 in a research report on Wednesday, January 15th. TD Securities reduced their price target on Canfor from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Scotiabank lowered Canfor from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Royal Bank of Canada reduced their price target on 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, Raymond James dropped their price objective on Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th.

Canfor Price Performance

Shares of CFP opened at C$14.80 on Monday. Canfor has a 52 week low of C$13.53 and a 52 week high of C$18.38. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -4.39 and a beta of 2.08. The business’s fifty day moving average price is C$15.40 and its two-hundred day moving average price is C$15.84.

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.