Brokerages Set Canfor Co. (TSE:CFP) PT at C$18.50

Canfor Co. (TSE:CFP - Get Free Report) has earned a consensus recommendation of "Hold" from the seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$18.50.

Several equities analysts recently commented on CFP shares. CIBC cut shares of Canfor from an "outperform" rating to a "neutral" rating and cut their target price for the company from C$19.00 to C$16.00 in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on shares of Canfor from C$19.00 to C$16.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Cibc World Mkts cut shares of Canfor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. TD Securities upped their target price on shares of Canfor from C$17.00 to C$18.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Raymond James Financial cut their target price on shares of Canfor from C$24.00 to C$22.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 30th.

Canfor Stock Performance

Shares of TSE:CFP traded up C$0.04 during trading on Thursday, reaching C$14.80. The stock had a trading volume of 70,637 shares, compared to its average volume of 162,086. Canfor has a 52 week low of C$12.60 and a 52 week high of C$18.38. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -2.46 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. The stock has a fifty day simple moving average of C$13.84 and a two-hundred day simple moving average of C$14.39.

About Canfor

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.