Canfor Co. (CFP) Hits New 52-Week High at $26.42
Canfor Co. (TSE:CFP) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$26.42 and last traded at C$26.11, with a volume of shares.
Several research analysts have commented on the company. Scotiabank raised their target price on Canfor from C$25.25 to C$26.00 and gave the stock a “sector perform” rating in a research note on Friday. Royal Bank Of Canada lifted their price target on Canfor from C$17.00 to C$18.00 and gave the company an “underperform” rating in a research report on Friday, July 28th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. TD Securities lifted their price target on Canfor from C$29.00 to C$30.00 in a research report on Tuesday, October 24th. Finally, Raymond James Financial, Inc. lifted their price target on Canfor from C$24.00 to C$25.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$25.20.
In other Canfor news, insider James A. Pattison purchased 225,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of C$21.20 per share, for a total transaction of C$4,770,000.00.
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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