Scotiabank set a C$27.00 price objective on Canfor Co. (TSE:CFP) in a report issued on Monday, Analyst Ratings Network.com reports. The brokerage currently has a an outperform rating on the stock.

Shares of Canfor (TSE:CFP) opened at 15.13 on Monday. The firm has a market cap of $2.03 billion and a P/E ratio of 38.40. The company has a 50-day moving average of $17.86 and a 200 day moving average of $19.73. Canfor has a 52-week low of $12.62 and a 52-week high of $31.93.

Several other analysts have also issued reports on CFP. Dundee Securities cut their target price on Canfor from C$28.00 to C$25.00 and set a buy rating for the company in a research note on Monday, January 18th. Raymond James cut their target price on Canfor from C$29.50 to C$25.75 in a research note on Thursday, October 22nd. BMO Capital Markets raised Canfor from a market perform rating to an outperform rating in a research note on Friday. Finally, RBC Capital cut their target price on Canfor from C$30.00 to C$28.00 in a research note on Wednesday, October 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Canfor has a consensus rating of Buy and an average target price of C$27.46.

Canfor Corp is a Canada-based integrated forest products company with interests in British Columbia, Alberta, North and South Carolina, Alabama, Georgia and Mississippi. The Company produces primarily softwood lumber and specialized wood products. Furthermore, It controls Canfor Pulp Products Inc, a producer of market northern bleached softwood kraft pulp, high performance kraft paper, as well as bleached chemi-thermo mechanical pulp.

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