Scotiabank Boosts Canfor (OTCMKTS:CFPZF) Price Target to C$45.00

Canfor (OTCMKTS:CFPZF) had its target price upped by Scotiabank from C$40.00 to C$45.00 in a research note issued to investors on Wednesday, The Fly reports.

Several other equities analysts have also issued reports on CFPZF. CIBC increased their target price on Canfor from C$36.00 to C$44.00 in a research note on Monday, January 10th. Raymond James reduced their price target on Canfor from C$50.00 to C$47.00 and set a strong-buy rating on the stock in a research report on Wednesday, September 29th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and an average target price of $42.67.

CFPZF opened at $26.10 on Wednesday. The stock’s 50-day moving average price is $23.24 and its 200 day moving average price is $21.95. Canfor has a 12-month low of $17.36 and a 12-month high of $29.35.

About Canfor

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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