Canfor Co. (CFP) Receives C$21.75 Consensus Price Target from Brokerages
Canfor Co. (TSE:CFP) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$21.75.
Several research firms have commented on CFP. CIBC lowered Canfor from a “sector outperform” rating to a “neutral” rating in a research report on Monday, April 24th. Scotiabank upped their target price on Canfor from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Raymond James Financial, Inc. raised Canfor from an “outperform” rating to a “strong-buy” rating and set a C$24.00 target price for the company in a research note on Tuesday, April 25th. TD Securities upped their target price on Canfor from C$22.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Finally, Royal Bank Of Canada downgraded Canfor from a “sector perform” rating to an “underperform” rating and set a C$17.00 target price for the company. in a research note on Wednesday, April 19th.
Canfor (TSE CFP) traded down 0.20% during midday trading on Friday, reaching $20.27. 385,267 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.69 billion and a price-to-earnings ratio of 14.10. The firm’s 50 day moving average is $19.14 and its 200 day moving average is $17.54. Canfor has a 52 week low of $13.35 and a 52 week high of $20.92.
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In related news, Director Mark Andrew Feldinger sold 4,500 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of C$20.17, for a total value of C$90,765.00.
Canfor Company Profile
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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