Canfor Co. (TSE:CFP - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.71 and traded as low as C$15.23. Canfor shares last traded at C$15.32, with a volume of 185,470 shares trading hands.
Wall Street Analyst Weigh In
CFP has been the topic of a number of research reports. Royal Bank of Canada decreased their target price on shares of Canfor from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. TD Securities lowered their target price on Canfor from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Raymond James raised Canfor from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from C$20.00 to C$28.00 in a research note on Tuesday, October 22nd. CIBC upped their price objective on Canfor from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets downgraded shares of Canfor from an "outperform" rating to a "market perform" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$21.33.
Check Out Our Latest Stock Analysis on CFP
Canfor Stock Performance
The stock has a 50 day moving average of C$16.44 and a 200 day moving average of C$15.71. The company has a market capitalization of C$1.77 billion, a price-to-earnings ratio of -4.45 and a beta of 2.08. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97.
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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