Canfor Co. (TSE:CFP - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as C$13.24 and last traded at C$13.52, with a volume of 19917 shares trading hands. The stock had previously closed at C$14.14.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Raymond James dropped their target price on shares of Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. CIBC lowered their price objective on Canfor from C$21.00 to C$19.00 in a research report on Wednesday, January 15th. Scotiabank downgraded Canfor from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. TD Securities reduced their price objective on Canfor from C$20.00 to C$19.00 and set a "buy" rating for the company in a report on Monday, March 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Canfor from C$21.00 to C$19.00 and set an "outperform" rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$20.00.
Read Our Latest Report on Canfor
Canfor Price Performance
The firm has a 50 day moving average of C$14.84 and a 200-day moving average of C$15.80. The company has a current ratio of 2.19, a quick ratio of 2.14 and a debt-to-equity ratio of 21.94. The company has a market cap of C$1.61 billion, a P/E ratio of -2.23 and a beta of 2.08.
About Canfor
(
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Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
Further Reading
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