Wall Street analyst has provided a rating update for the Materials sector company on October 18, while remaining neutral on the stock. Analyst Mark Wilde from BMO Capital rated Canfor Corporation (TSX: CFP) a Hold on October 18, setting a C$22 price target.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of 13.0% and a 69.9% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Packaging Corp, and WestRock LLC.
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Canfor Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$34.50, a 68.4% upside from current levels. In a report issued on October 15, CIBC also maintained a Hold rating on the stock with a C$25 price target.
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The company has a one-year high of C$34.04 and a one-year low of C$19.27. Currently, Canfor Corporation has an average volume of 365.9K.
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 Friday at C$20.49, close to its 52-week low of C$19.27.
