Canfor (CFP) PT Raised to C$30.00 at CIBC

Canfor (TSE:CFP) had its target price increased by analysts at CIBC from C$27.00 to C$30.00 in a report issued on Friday. CIBC’s price objective indicates a potential upside of 10.33% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. TD Securities increased their target price on Canfor from C$29.00 to C$30.00 in a report on Tuesday, October 24th. Royal Bank of Canada raised Canfor from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$20.00 to C$26.00 in a report on Friday. Finally, Scotiabank increased their target price on Canfor from C$25.25 to C$26.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$27.40.

Canfor (CFP) opened at C$27.19 on Friday. Canfor has a 1-year low of C$13.54 and a 1-year high of C$27.56. The company has a market capitalization of $3,520.00, a P/E ratio of 14.31 and a beta of 1.90.

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Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.

Analyst Recommendations for Canfor (TSE:CFP)

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