Shares of Canfor Corporation (CFP) were revisited by a Wall Street analyst today. Analyst Paul Quinn from RBC Capital rated Canfor Corporation (CFP) a Buy, setting a C$20 price target.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 14.1% and a 67.2% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.
Currently, the analyst consensus on Canfor Corporation is a Moderate Buy with an average price target of C$20.10, representing a 37.7% upside. In a report issued on April 3, Raymond James also maintained a Buy rating on the stock with a C$22 price target.
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The company has a one-year high of C$34.04 and a one-year low of C$12.91. Currently, Canfor Corporation has an average volume of 401.6K.
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.
The company’s shares closed on Friday at C$14.60, close to its 52-week low of C$12.91.
