Canfor Co. (TSE:CFP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.87 and traded as high as C$16.02. Canfor shares last traded at C$15.97, with a volume of 240,616 shares trading hands.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Raymond James decreased their price objective on shares of Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. CIBC decreased their price target on shares of Canfor from C$21.00 to C$19.00 in a report on Wednesday, January 15th. BMO Capital Markets downgraded Canfor from an "outperform" rating to a "market perform" rating in a research note on Friday, December 6th. Scotiabank cut Canfor from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. Finally, TD Securities lowered their price target 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. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canfor presently has an average rating of "Moderate Buy" and an average target price of C$20.00.
Get Our Latest Stock Analysis on CFP
Canfor Stock Performance
The stock has a fifty day moving average of C$15.13 and a 200-day moving average of C$15.88. The firm has a market capitalization of C$1.85 billion, a P/E ratio of -2.56 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94.
Canfor Company Profile
(
Get Free Report)
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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