Canfor Co. (OTCMKTS:CFPZF) Receives Consensus Recommendation of “Hold” from Brokerages

Canfor Co. (OTCMKTS:CFPZF) has earned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

Several research firms have commented on CFPZF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canfor in a report on Friday, July 31st. BMO Capital Markets reissued a “market perform” rating on shares of Canfor in a report on Thursday, August 13th. TD Securities restated a “buy” rating on shares of Canfor in a research report on Friday, July 31st. Finally, Scotiabank restated a “sector perform” rating on shares of Canfor in a research note on Tuesday, August 4th.

Canfor Stock Performance

OTCMKTS CFPZF opened at $10.92 on Monday. The firm has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $9.85. Canfor has a twelve month low of $7.83 and a twelve month high of $11.83.

About Canfor

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.