Canfor (CFP) Sets New 52-Week High at $31.98

Canfor Co. (TSE:CFP)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$31.98 and last traded at C$31.60, with a volume of 407868 shares. The stock had previously closed at C$29.97.

CFP has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on Canfor from C$26.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Raymond James Financial boosted their target price on Canfor from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. BMO Capital Markets restated a “market perform” rating and set a C$26.00 target price on shares of Canfor in a research report on Wednesday, February 28th. CIBC boosted their target price on Canfor from C$30.00 to C$32.00 in a research report on Tuesday, February 27th. Finally, TD Securities boosted their target price on Canfor from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$33.50.

Canfor (TSE:CFP) last released its earnings results on Thursday, February 22nd. The company reported C$0.89 earnings per share for the quarter. The company had revenue of C$1.18 billion during the quarter. Canfor had a return on equity of 16.57% and a net margin of 6.23%.

In related news, Director Patrick Elliott sold 1,010 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of C$31.00, for a total value of C$31,310.00.

TRADEMARK VIOLATION NOTICE: “Canfor (CFP) Sets New 52-Week High at $31.98” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2018/04/17/canfor-cfp-sets-new-52-week-high-at-31-98.html.

About Canfor

Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.

Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply