Canfor Co. (OTCMKTS:CFPZF) Receives Average Rating of “Hold” from Brokerages

Canfor Co. (OTCMKTS:CFPZF) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company.

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

Canfor Price Performance

Shares of CFPZF opened at $10.47 on Monday. The company’s fifty day moving average price is $10.33 and its 200-day moving average price is $9.84. Canfor has a 1-year low of $7.83 and a 1-year 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.