Canfor Co. (TSE:CFP - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.43 and traded as high as C$17.45. Canfor shares last traded at C$17.13, with a volume of 103,804 shares changing hands.
Analyst Ratings Changes
A number of research firms have weighed in on CFP. Royal Bank of Canada lifted their target price on Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a report on Monday, July 29th. CIBC upped their price objective on shares of Canfor from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Scotiabank decreased their price objective on shares of Canfor from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 30th. TD Securities decreased their price objective on shares of 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. Finally, Raymond James upgraded shares of Canfor from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from C$20.00 to C$28.00 in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$21.33.
Get Our Latest Analysis on CFP
Canfor Trading Down 0.1 %
The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.14 and a current ratio of 1.99. The stock has a market capitalization of C$2.03 billion, a PE ratio of -5.08 and a beta of 2.08. The stock has a 50-day moving average price of C$16.63 and a two-hundred day moving average price of C$15.44.
About Canfor
(
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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