TD Securities reiterated their buy rating on shares of Canfor (TSE:CFP) in a report released on Wednesday morning, Stock Target Advisor reports.
Other research analysts have also recently issued research reports about the stock. Raymond James reissued a strong-buy rating and set a C$50.00 target price on shares of Canfor in a report on Sunday, August 1st. Scotiabank lifted their target price on shares of Canfor from C$42.00 to C$44.00 in a research report on Thursday, July 8th. CIBC reiterated an outperform rating and issued a C$34.00 target price on shares of Canfor in a research report on Wednesday, August 25th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a C$45.00 target price on shares of Canfor in a research report on Friday, September 10th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of C$41.33.
TSE:CFP opened at C$26.25 on Wednesday. Canfor has a 52 week low of C$14.64 and a 52 week high of C$35.53. The firm has a 50 day moving average of C$25.78 and a 200 day moving average of C$27.67. The company has a quick ratio of 1.73, a current ratio of 2.71 and a debt-to-equity ratio of 9.15. The stock has a market capitalization of C$3.28 billion and a price-to-earnings ratio of 1.92.
Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells finger-jointed lumber, higher-grade MSR lumber, premium one-inch boards, engineered wood products, wood chips, wood pellets, logs, strength-rated trusses, beams, and tongue-and-groove timber, as well as generates green energy.
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