Canfor Co. (TSE:CFP)‘s stock had its “outperform” rating reissued by investment analysts at Scotiabank in a report issued on Thursday. They presently have a C$19.75 price target on the stock. Scotiabank’s price objective points to a potential upside of 30.97% from the stock’s current price.
CFP has been the subject of a number of other reports. Raymond James Financial Inc. decreased their target price on Canfor from C$19.00 to C$17.50 in a research report on Thursday, July 7th. TD Securities reissued a “buy” rating and issued a C$20.00 price target on shares of Canfor in a research report on Thursday, July 28th. CIBC reduced their price target on Canfor from C$21.00 to C$20.00 in a research report on Wednesday, August 3rd. Dundee Securities raised Canfor from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a C$16.00 price target (up from C$14.00) on shares of Canfor in a research report on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$18.88.
Canfor (TSE:CFP) opened at 15.08 on Thursday. The company has a market cap of $2.02 billion and a P/E ratio of 17.35. The firm has a 50-day moving average price of $14.26 and a 200-day moving average price of $14.54. Canfor has a 12-month low of $11.96 and a 12-month high of $21.26.