Canfor Co. (TSE:CFP - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.70 and traded as high as C$16.26. Canfor shares last traded at C$16.02, with a volume of 187,366 shares.
Wall Street Analyst Weigh In
CFP has been the topic of several research reports. Raymond James raised shares of Canfor from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. TD Securities reduced their price target on Canfor from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. BMO Capital Markets downgraded Canfor from an "outperform" rating to a "market perform" rating in a research report on Friday, December 6th. Finally, CIBC raised their target price on shares of Canfor from C$20.00 to C$21.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$21.33.
View Our Latest Stock Report on Canfor
Canfor Stock Performance
The stock has a market cap of C$1.90 billion, a PE ratio of -4.75 and a beta of 2.08. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14. The firm has a 50 day moving average of C$17.12 and a two-hundred day moving average of C$15.70.
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.
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