Trade Report: Today, Canfor Co. (CFP) Given Average Recommendation of “Buy” from Analysts

Today, Canfor Co. (CFP) Given Average Recommendation of “Buy” from Analysts

Canfor Co. (TSE:CFP) has received a consensus rating of “Buy” from the seven research firms that are covering the company. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$18.35.

A number of brokerages have issued reports on CFP. Dundee Securities upgraded shares of Canfor from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Raymond James Financial Inc. reduced their price objective on shares of Canfor from C$19.50 to C$18.00 in a research note on Thursday, October 20th. Scotiabank reiterated an “outperform” rating and set a C$19.75 price objective on shares of Canfor in a research note on Thursday, October 27th. CIBC reduced their price objective on shares of Canfor from C$21.00 to C$20.00 in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a C$16.00 price objective (up from C$14.00) on shares of Canfor in a research note on Thursday, October 27th.

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