13.64%
Shares in Canfor Corporation show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the CAD 26.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Strengths
The group usually releases upbeat results with huge surprise rates.
The stock, which is currently worth 2020 to 0.61 times its sales, is clearly overvalued in comparison with peers.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.