Canfor Co. (OTCMKTS:CFPZF – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.35 and traded as low as $8.6720. Canfor shares last traded at $8.94, with a volume of 25,086 shares traded.
Analysts Set New Price Targets
A number of brokerages have issued reports on CFPZF. Royal Bank Of Canada cut Canfor to a “sector perform” rating in a report on Thursday, April 16th. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on Canfor
Canfor Trading Up 3.5%
Canfor Company Profile
Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.
Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.
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