Brokerages Set Canfor Co. (CFP) PT at $21.75

Shares of Canfor Co. (TSE:CFP) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$21.75.

A number of equities research analysts have weighed in on the company. Scotiabank boosted their price objective on Canfor from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. TD Securities boosted their price objective on Canfor from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. CIBC cut Canfor from a “sector outperform” rating to a “neutral” rating in a research note on Monday, April 24th. Royal Bank of Canada cut Canfor from a “sector perform” rating to an “underperform” rating and set a C$17.00 price objective for the company. in a research note on Wednesday, April 19th. Finally, Raymond James Financial, Inc. upgraded Canfor from an “outperform” rating to a “strong-buy” rating and set a C$24.00 price objective for the company in a research note on Tuesday, April 25th.

Shares of Canfor (TSE:CFP) traded up 1.32% during trading on Tuesday, reaching $19.18. 216,082 shares of the company traded hands. The stock’s 50 day moving average is $19.18 and its 200 day moving average is $16.74. The company has a market capitalization of $2.55 billion and a price-to-earnings ratio of 13.34. Canfor has a 1-year low of $11.96 and a 1-year high of $20.92.

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In other Canfor news, insider James A. Pattison acquired 500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were purchased at an average price of C$17.41 per share, with a total value of C$8,705,000.00. Also, Director Mark Andrew Feldinger sold 4,500 shares of the company’s 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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