Canfor (OTCMKTS:CFPZF) Shares Pass Below 200 Day Moving Average of $10.34

Canfor Co. (OTCMKTS:CFPZF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.34 and traded as low as $4.50. Canfor shares last traded at $4.50, with a volume of 10,905 shares traded.

CFPZF has been the subject of a number of research analyst reports. TD Securities raised Canfor to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, December 18th. Royal Bank of Canada upgraded Canfor from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, March 17th. Raymond James reaffirmed a “buy” rating and issued a $17.00 price target on shares of Canfor in a research note on Friday, February 21st. Finally, CIBC reiterated a “buy” rating and set a $17.00 price target on shares of Canfor in a research report on Monday, February 24th.

The firm’s 50 day moving average is $8.02 and its 200-day moving average is $10.30.

Canfor Company Profile (OTCMKTS:CFPZF)

Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.

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