A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Canfor Corporation (CFP) received a Buy rating from Raymond James’ analyst Daryl Swetlishoff, with a C$25 price target.
According to TipRanks.com, Swetlishoff ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.8% and a 23.1% success rate. Swetlishoff covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Weatherford, and Norbord Inc.
Currently, the analyst consensus on Canfor Corporation is a Moderate Buy with an average price target of C$22.13.
The company has a one-year high of C$34.04 and a one-year low of C$14.48. Currently, Canfor Corporation has an average volume of 396.2K.
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$15.75, close to its 52-week low of C$14.48.
