Analysts Set Canfor Co. (TSE:CFP) Price Target at C$21.33

Canfor Co. (TSE:CFP) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$21.33.

CFP has been the subject of a number of recent research reports. TD Securities decreased their price objective on Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Raymond James raised Canfor from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. BMO Capital Markets lowered shares of Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th. CIBC upped their price objective on shares of Canfor from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their target price on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, December 20th.

Canfor Price Performance

Shares of TSE:CFP opened at C$15.00 on Friday. Canfor has a one year low of C$13.53 and a one year high of C$19.30. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -4.45 and a beta of 2.08. The company has a 50-day simple moving average of C$16.68 and a 200-day simple moving average of C$15.70. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99.

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.