Canfor Co. (TSE:CFP - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.51 and traded as low as C$14.38. Canfor shares last traded at C$14.65, with a volume of 98,411 shares traded.
Wall Street Analyst Weigh In
CFP has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their price target on shares of Canfor from C$19.00 to C$16.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. CIBC downgraded shares of Canfor from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from C$19.00 to C$16.00 in a research note on Tuesday, April 22nd. TD Securities raised their target price on shares of Canfor from C$17.00 to C$18.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Cibc World Mkts downgraded shares of Canfor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Raymond James Financial dropped their price objective on Canfor from C$24.00 to C$22.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Canfor presently has a consensus rating of "Hold" and a consensus target price of C$18.50.
View Our Latest Analysis on CFP
Canfor Stock Performance
The firm's fifty day moving average price is C$13.54 and its 200 day moving average price is C$14.48. The firm has a market cap of C$1.67 billion, a P/E ratio of -2.32 and a beta of 2.08. The company has a debt-to-equity ratio of 21.94, a quick ratio of 2.14 and a current ratio of 2.19.
Canfor Company Profile
(
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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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