Canfor Co. (TSE:CFP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Canfor Co. (TSE:CFP) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$16.50.

A number of research firms recently commented on CFP. Raymond James Financial decreased their price target on Canfor from C$19.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Securities reduced their price objective on Canfor from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th.

Canfor Stock Up 0.2%

TSE CFP opened at C$12.27 on Friday. The firm has a market cap of C$1.43 billion, a PE ratio of -2.25 and a beta of 2.01. Canfor has a one year low of C$12.07 and a one year high of C$18.38. The stock’s 50 day simple moving average is C$12.95 and its 200 day simple moving average is C$13.46. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14.

About Canfor

Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.