The Globe and Mail reports in its Friday, March 3, edition that Canfor is trading at an enterprise value-to-EBITDA (earnings before interest, taxes, depreciation and amortization) multiple of five times the consensus 2018 estimate, relatively in line with the five-year historical average multiple. The Globe's Jennifer Dowty writes that analysts on average target the shares at $20.50, implying the stock price may appreciate 13 per cent over the next 12 months. Eight analysts have recently issued research reports, seven analysts have "buy" recommendations, and one analyst has a "hold" recommendation. This week Raymond James analyst Daryl Swetlishoff lifted his target price to $24 from $19.50. Last month, RBC Capital Markets analyst Paul Quinn increased his target price by $1 to $17. Canfor director Jim Pattison bought 2,114,200 shares at a price of $16.55 per share on Feb. 13. Forest product stocks are in an uptrend following the strength in the commodity price. Canfor's stock price is up 18.5 per cent so far this year. Other stocks in the sector are also on the move, surging higher. For instance, year-to-date, shares of West Fraser Timber are up 21 per cent and shares of Interfor are up 24 per cent.