Canfor (TSE:CFP) PT Lowered to C$21.00

Canfor (TSE:CFP) had its price objective decreased by equities research analysts at TD Securities from C$22.00 to C$21.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 26.13% from the company’s previous close.

Other analysts also recently issued reports about the company. Scotiabank reduced their target price on Canfor from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets dropped their price target on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 23rd. Raymond James raised Canfor from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from C$20.00 to C$28.00 in a report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on Canfor from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, CIBC upped their target price on Canfor from C$17.00 to C$19.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Canfor has a consensus rating of “Buy” and an average price target of C$21.33.

Canfor Trading Down 3.6 %

TSE CFP traded down C$0.62 on Tuesday, reaching C$16.65. The company had a trading volume of 137,723 shares, compared to its average volume of 199,534. The firm has a market cap of C$1.97 billion, a price-to-earnings ratio of -4.95 and a beta of 2.08. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$19.30. The business has a 50 day moving average of C$15.90 and a two-hundred day moving average of C$15.20. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14.

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.