CFP has been the topic of several other reports. Scotiabank raised their price objective on Canfor from C$26.50 to C$27.00 and gave the company a sector perform rating in a research report on Friday, February 23rd. CIBC raised their price objective on Canfor from C$27.00 to C$30.00 in a research report on Friday, January 12th. TD Securities raised their price objective on Canfor from C$32.00 to C$36.00 and gave the company a buy rating in a research report on Tuesday, February 27th. BMO Capital Markets reissued a market perform rating and issued a C$26.00 price objective on shares of Canfor in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada raised Canfor from an underperform rating to a sector perform rating and raised their price objective for the company from C$20.00 to C$26.00 in a research report on Friday, January 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of C$33.50.
Shares of CFP traded up C$1.97 during trading hours on Tuesday, hitting C$31.94. The stock had a trading volume of 466,052 shares, compared to its average volume of 386,468. Canfor has a 12-month low of C$18.10 and a 12-month high of C$32.00.
In other 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.
Canfor Company Profile
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.
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