Shares of Canfor Co. (OTCMKTS:CFPZF – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.41 and traded as high as $11.42. Canfor shares last traded at $11.25, with a volume of 19,851 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Raymond James Financial raised Canfor from an “outperform” rating to a “strong-buy” rating in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating on shares of Canfor in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Canfor in a research report on Friday, July 31st. TD Securities restated a “buy” rating on shares of Canfor in a research note on Friday, July 31st. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Canfor in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Canfor currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Canfor
Canfor Price Performance
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.
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