Shares of Canfor Co. (TSE:CFP - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.42 and traded as low as C$13.80. Canfor shares last traded at C$14.14, with a volume of 95,146 shares.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Canfor from C$17.00 to C$18.00 and gave the company a "buy" rating in a report on Monday, May 12th. Cibc World Mkts cut shares of Canfor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. CIBC downgraded Canfor from an "outperform" rating to a "neutral" rating and lowered their price target for the company from C$19.00 to C$16.00 in a research report on Tuesday, April 22nd. Finally, Raymond James Financial dropped their price target on Canfor from C$24.00 to C$22.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$18.50.
Read Our Latest Analysis on Canfor
Canfor Stock Up 0.3%
The firm has a 50-day simple moving average of C$13.69 and a 200 day simple moving average of C$14.41. The company has a debt-to-equity ratio of 21.94, a current ratio of 2.19 and a quick ratio of 2.14. The company has a market capitalization of C$1.76 billion, a PE ratio of -2.43 and a beta of 2.08.
About Canfor
(
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Canfor Corp is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America, with lumber mills in British Columbia, Alberta, and the Southeastern United States. It has two reportable segments: Lumber and Pulp and Paper.
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