Canfor (OTCMKTS:CFPZF) had its price target upped by TD Securities from $21.00 to $22.00 in a research report sent to investors on Monday morning, The Fly reports. The firm currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the company. Raymond James reissued a buy rating and set a $23.50 price target on shares of Canfor in a research report on Wednesday, August 19th. BMO Capital Markets upped their price target on Canfor from $13.00 to $19.00 and gave the company an outperform rating in a research report on Monday, July 27th. Scotiabank upped their price target on Canfor from $23.00 to $24.00 and gave the company an outperform rating in a research report on Monday, October 5th. Finally, CIBC upped their price target on Canfor from $19.00 to $25.00 in a research report on Tuesday, August 25th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average price target of $21.92.
Canfor stock opened at $12.77 on Monday. Canfor has a 52 week low of $4.29 and a 52 week high of $14.46. The stock has a 50 day moving average of $12.00 and a 200-day moving average of $10.00.
Canfor Corporation operates as an integrated forest products company in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.
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