Canfor Co. (TSE:CFP) had its price objective hoisted by Royal Bank Of Canada from C$16.00 to C$17.00 in a report released on Friday morning, StockTargetPrices.com reports. The brokerage currently has a sector perform rating on the stock.
Other research analysts also recently issued reports about the stock. Raymond James Financial, Inc. decreased their target price on shares of Canfor from C$19.50 to C$18.00 in a research report on Thursday, October 20th. TD Securities restated a buy rating and set a C$20.00 target price on shares of Canfor in a research report on Friday, October 28th. Scotiabank restated an outperform rating and set a C$18.50 target price on shares of Canfor in a research report on Thursday, February 9th. Finally, CIBC decreased their target price on shares of Canfor from C$20.00 to C$18.00 and set an outperform rating for the company in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Canfor currently has a consensus rating of Buy and a consensus price target of C$18.50.
Canfor (TSE:CFP) opened at 16.99 on Friday. Canfor has a 12-month low of $11.96 and a 12-month high of $18.41. The firm’s 50 day moving average is $14.85 and its 200 day moving average is $14.85. The company has a market cap of $2.23 billion and a P/E ratio of 14.90.
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Canfor Corporation is a Canada-based integrated forest products company. The Company is engaged in the production of softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. The Company operates through two segments: Lumber, and Pulp and Paper.
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