Canfor (TSE:CFP - Get Free Report) was downgraded by investment analysts at Scotiabank from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Other equities analysts also recently issued reports about the company. BMO Capital Markets downgraded Canfor from an "outperform" rating to a "market perform" rating in a report on Friday, December 6th. 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 research note on Tuesday, October 29th. CIBC lowered their target price on Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. Royal Bank of Canada lowered their target price 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, Raymond James lowered their target price on Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$20.33.
Get Our Latest Stock Analysis on CFP
Canfor Trading Up 1.0 %
Shares of Canfor stock traded up C$0.14 during trading hours on Monday, reaching C$14.80. The stock had a trading volume of 175,862 shares, compared to its average volume of 156,314. The firm has a 50 day simple moving average of C$15.49 and a two-hundred day simple moving average of C$15.84. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -4.39 and a beta of 2.08. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. Canfor has a 1 year low of C$13.53 and a 1 year high of C$18.38.
Canfor Company Profile
(
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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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