Canfor (TSE:CFP) had its price objective increased by Raymond James Financial from C$30.00 to C$33.00 in a report published on Tuesday morning.
Several other research analysts have also recently weighed in on the stock. Scotiabank lifted their price target on shares of Canfor from C$25.25 to C$26.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd. Royal Bank of Canada upgraded shares of Canfor from an underperform rating to a sector perform rating and lifted their price target for the stock from C$20.00 to C$26.00 in a research note on Friday, January 12th. TD Securities lifted their price target on shares of Canfor from C$29.00 to C$30.00 in a research note on Tuesday, October 24th. Finally, CIBC lifted their price target on shares of Canfor from C$27.00 to C$30.00 in a research note on Friday, January 12th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$29.00.
Canfor (TSE:CFP) opened at C$28.83 on Tuesday. The firm has a market cap of $3,800.00, a price-to-earnings ratio of 15.17 and a beta of 1.90. Canfor has a one year low of C$13.83 and a one year high of C$29.52.
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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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