Shares of Canfor Corporation (CFP) were revisited by a Wall Street analyst yesterday. Analyst Sean Steuart from TD Securities remains bullish on the stock and has a C$26 price target.
According to TipRanks.com, Steuart is a 3-star analyst with an average return of 1.4% and a 47.5% success rate. Steuart covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.
Currently, the analyst consensus on Canfor Corporation is a Moderate Buy with an average price target of C$27.58.
Canfor Corporation’s market cap is currently C$2.03B and has a P/E ratio of 3.9. The company has a Price to Book ratio of 0.97.
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$16.10, close to its 52-week low of C$14.48.
