Canfor (OTCMKTS:CFPZF) had its price objective hoisted by BMO Capital Markets from $31.00 to $36.00 in a report released on Monday morning, The Fly reports. BMO Capital Markets currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on the stock. CIBC raised their target price on shares of Canfor from $35.00 to $41.00 and gave the stock an outperform rating in a report on Tuesday, April 13th. TD Securities raised their target price on shares of Canfor from $31.00 to $32.00 and gave the stock a buy rating in a report on Friday, February 26th. Raymond James raised their target price on shares of Canfor from $37.50 to $40.00 and gave the stock a strong-buy rating in a report on Thursday, February 25th. Royal Bank of Canada raised their price objective on shares of Canfor from $40.00 to $45.00 and gave the stock an outperform rating in a research note on Monday. Finally, Scotiabank raised their price objective on shares of Canfor from $37.00 to $40.00 and gave the stock an outperform rating in a research note on Wednesday, April 28th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $39.00.
Canfor stock opened at $26.84 on Monday. The firm has a 50 day simple moving average of $23.00 and a 200-day simple moving average of $18.66. Canfor has a 12-month low of $6.06 and a 12-month high of $27.81.
Canfor Corp. operates as an integrated forest products company. It operates through the Lumber and Pulp and Paper segments. The Lumber segment deals with logging activities and manufactures wood chips, pellets, and wood products. The Pulp and Paper segment produces and trades northern bleached softwood kraft and bleached chemi-thermo mechanical pulp.
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