Canfor Corporation (CFP) Gets a Hold Rating from CIBC


Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. CIBC’s analyst Hamir Patel reiterates their Hold rating on the shares of Canfor Corporation (TSX: CFP), with a C$33 price target.

Patel has an average return of 21.2% when recommending Canfor Corporation.

According to TipRanks.com, Patel is ranked #801 out of 4876 analysts.

Canfor Corporation has an analyst consensus of Strong Buy, with a price target consensus of C$39.75.

The company has a one-year high of C$34.04 and a one-year low of C$22.52. Currently, Canfor Corporation has an average volume of 303.9K.

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 Wednesday at C$26.58.

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