BMO Capital Markets Trims Canfor (CFP) Target Price to C$22.00

BMO Capital Markets Trims Canfor (CFP) Target Price to C$22.00

Canfor (TSE:CFP) had its price target decreased by BMO Capital Markets from C$27.00 to C$22.00 in a research report released on Friday, October 19th.

Several other equities analysts also recently weighed in on CFP. CIBC lifted their price target on shares of Canfor from C$33.00 to C$37.00 in a report on Thursday, July 12th. TD Securities lifted their price target on shares of Canfor from C$41.00 to C$42.00 and gave the company a buy rating in a report on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Canfor presently has an average rating of Buy and a consensus target price of C$33.00.

Shares of CFP traded down C$0.98 on Friday, reaching C$20.25. The company’s stock had a trading volume of 593,645 shares, compared to its average volume of 381,800. Canfor has a 12-month low of C$18.27 and a 12-month high of C$34.04.

About Canfor

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 remanufactured and finger-jointed lumber, engineered wood products, wood chips, wood pellets, and logs, as well as produces green energy.

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