Canfor Corporation (TSX: CFP), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Hamir Patel from CIBC rated Canfor Corporation (TSX: CFP) a Hold, setting a C$25 price target.
Patel has an average return of 21.2% when recommending Canfor Corporation.
According to TipRanks.com, Patel is ranked #832 out of 4887 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canfor Corporation with a C$34.50 average price target, representing a 62.7% upside. In a report issued on October 11, Scotiabank also reiterated a Hold rating on the stock with a C$30 price target.
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The company has a one-year high of C$34.04 and a one-year low of C$20.89. Currently, Canfor Corporation has an average volume of 358.1K.
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 Monday at C$21.21, close to its 52-week low of C$20.89.
