Canfor Co. (OTCMKTS:CFPZF – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.83 and traded as low as $9.7263. Canfor shares last traded at $9.7263, with a volume of 4,111 shares traded.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CFPZF. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada cut shares of Canfor to a “sector perform” rating in a research report on Thursday, April 16th. TD Securities reissued a “buy” rating on shares of Canfor in a research report on Friday. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canfor in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canfor has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Canfor
Canfor Stock Up 4.5%
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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