Canfor (CFP) Price Target Increased to C$33.00 by Analysts at CIBC

Canfor (TSE:CFP) had its price target raised by CIBC from C$32.00 to C$33.00 in a research note published on Monday, March 19th.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada raised Canfor from an underperform rating to a sector perform rating and lifted their price objective for the stock from C$20.00 to C$26.00 in a report on Friday, January 12th. Raymond James Financial lifted their price objective on Canfor from C$17.00 to C$17.50 and gave the stock an outperform rating in a report on Friday, February 23rd. Scotiabank lifted their target price on Canfor from C$26.50 to C$27.00 and gave the company a sector perform rating in a report on Friday, February 23rd. TD Securities lifted their target price on Canfor from C$32.00 to C$36.00 and gave the company a buy rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$26.00 target price on shares of Canfor in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of C$32.50.

How to Become a New Pot Stock Millionaire

CFP traded up C$0.06 during trading hours on Monday, hitting C$30.52. The stock had a trading volume of 152,115 shares, compared to its average volume of 392,038. Canfor has a 1 year low of C$18.10 and a 1 year high of C$31.87.

Canfor (TSE:CFP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.89 earnings per share for the quarter. Canfor had a return on equity of 16.57% and a net margin of 6.23%. The company had revenue of C$1.18 billion during the quarter.

In other Canfor news, Director Patrick Elliott sold 1,010 shares of Canfor stock in a transaction dated Friday, March 9th. The stock was sold at an average price of C$31.00, for a total transaction of C$31,310.00.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Macon Daily and is the property of of Macon Daily. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://macondaily.com/2018/04/12/canfor-cfp-pt-raised-to-c33-00-updated-updated-updated.html.

About Canfor

Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.

Analyst Recommendations for Canfor (TSE:CFP)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply