Raymond James Thinks Canfor Corporation’s Stock is Going to Recover


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Canfor Corporation (CFP) received a Buy rating from Raymond James’ analyst Daryl Swetlishoff, with a C$22 price target.

According to TipRanks.com, Swetlishoff is ranked #4985 out of 5231 analysts.

Currently, the analyst consensus on Canfor Corporation is a Moderate Buy with an average price target of C$20.30.

The company has a one-year high of C$34.04 and a one-year low of C$12.91. Currently, Canfor Corporation has an average volume of 402.3K.

Canfor Corp. operates as an integrated forest products company. It operates through the Lumber and Pulp and 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$14.05, close to its 52-week low of C$12.91.

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