Canfor Co. (CFP) Price Target Increased to C$26.00 by Analysts at Scotiabank
CFP has been the subject of several other reports. TD Securities boosted their price objective on Canfor from C$24.00 to C$25.00 and gave the stock a buy rating in a research report on Friday, July 28th. CIBC boosted their price objective on Canfor from C$21.00 to C$25.00 in a research report on Thursday, October 19th. BMO Capital Markets downgraded Canfor from an outperform rating to a market perform rating in a research report on Monday, August 14th. Raymond James Financial, Inc. boosted their price objective on Canfor from C$24.00 to C$25.00 and gave the stock a strong-buy rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada boosted their price objective on Canfor from C$17.00 to C$18.00 and gave the stock an underperform rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$25.20.
Shares of Canfor (CFP) traded up C$0.14 during midday trading on Friday, hitting C$25.78. The stock had a trading volume of 202,100 shares.
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In other news, insider James A. Pattison bought 225,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of C$21.20 per share, with a total value 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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