Canfor Co. (TSE:CFP - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$15.85 and traded as low as C$15.04. Canfor shares last traded at C$15.16, with a volume of 179,383 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. CIBC dropped their price objective on Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. BMO Capital Markets lowered Canfor from an "outperform" rating to a "market perform" rating in a research note on Friday, December 6th. TD Securities dropped their price target on Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada dropped their price target on Canfor from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Finally, Scotiabank lowered Canfor from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$20.33.
Get Our Latest Research Report on Canfor
Canfor Stock Performance
The company has a market cap of C$1.80 billion, a P/E ratio of -2.50 and a beta of 2.08. The firm has a 50 day moving average of C$15.15 and a 200-day moving average of C$15.83. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94.
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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