Canfor (TSE:CFP) Given a C$18.00 Price Target at Raymond James
Raymond James set a C$18.00 price objective on Canfor (TSE:CFP) in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other brokerages have also recently issued reports on CFP. Royal Bank of Canada reduced their target price on Canfor from C$20.00 to C$17.00 in a report on Tuesday, July 9th. TD Securities reduced their target price on Canfor from C$13.00 to C$12.50 and set a buy rating on the stock in a report on Monday, July 29th. Finally, CIBC raised Canfor from a neutral rating to an outperform rating and lifted their target price for the stock from C$11.00 to C$14.00 in a report on Tuesday, June 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of C$17.00.
Shares of CFP stock opened at C$15.24 on Monday. Canfor has a 12-month low of C$8.55 and a 12-month high of C$32.32. The company has a current ratio of 1.50, a quick ratio of 0.49 and a debt-to-equity ratio of 47.73. The stock’s 50-day moving average price is C$10.60 and its 200-day moving average price is C$12.48. The stock has a market capitalization of $1.91 billion and a price-to-earnings ratio of -29.48.
Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.
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