A Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. Canfor Corporation (CFP) received a Hold rating from BMO Capital’s analyst Mark Wilde, with a C$20 price target.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of 11.7% and a 69.2% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Ardagh Group SA, Owens-Illinois, and Berry Plastics.
Currently, the analyst consensus on Canfor Corporation is a Moderate Buy with an average price target of C$21.30.
The company has a one-year high of C$34.04 and a one-year low of C$14.29. Currently, Canfor Corporation has an average volume of 411.8K.
Canfor Corp. engages in the production of forest products. It operates through the Lumber and Pulp ang 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 Wednesday at C$14.49, close to its 52-week low of C$14.29.
