Royal Bank of Canada upgraded shares of Canfor (TSE:CFP) from an underperform rating to a sector perform rating in a research note released on Friday. Royal Bank of Canada currently has C$26.00 price objective on the stock, up from their prior price objective of C$20.00.
Several other equities analysts have also issued reports on the company. Scotiabank raised their price target on Canfor from C$25.25 to C$26.00 and gave the stock a sector perform rating in a research report on Friday, November 3rd. CIBC raised their price target on Canfor from C$25.00 to C$27.00 in a research report on Thursday, October 26th. Finally, TD Securities raised their price target on Canfor from C$29.00 to C$30.00 in a research report on Tuesday, October 24th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$27.40.
Canfor (TSE:CFP) opened at C$27.09 on Friday. Canfor has a 1 year low of C$13.54 and a 1 year high of C$27.56. The stock has a market capitalization of $3,520.00, a P/E ratio of 14.26 and a beta of 1.90.
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.
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