Royal Bank of Canada Upgrades Canfor (CFP) to Sector Perform
Royal Bank of Canada upgraded shares of Canfor (TSE:CFP) from an underperform rating to a sector perform rating in a research report report published on Friday morning. Royal Bank of Canada currently has C$26.00 target price on the stock, up from their previous target price of C$20.00.
Other equities research analysts also recently issued research reports about the company. TD Securities raised their target price on Canfor from C$29.00 to C$30.00 in a report on Tuesday, October 24th. Scotiabank raised their target price on Canfor from C$25.25 to C$26.00 and gave the company a sector perform rating in a report on Friday, November 3rd. Finally, CIBC raised their target price on Canfor from C$25.00 to C$27.00 in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$27.40.
Shares of Canfor (TSE CFP) opened at C$27.19 on Friday. The firm has a market capitalization of $3,520.00, a price-to-earnings ratio of 14.31 and a beta of 1.90. Canfor has a twelve month low of C$13.54 and a twelve month high of C$27.56.
WARNING: “Royal Bank of Canada Upgrades Canfor (CFP) to Sector Perform” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/royal-bank-of-canada-upgrades-canfor-cfp-to-sector-perform/1807512.html.
Canfor Company Profile
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 lumber, engineered wood products, wood chips, wood pellets, and logs, as well as generates green energy.
Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with Analyst Ratings Network's FREE daily email newsletter.