Canfor Co. (OTCMKTS:CFPZF – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.43 and traded as high as $10.91. Canfor shares last traded at $10.18, with a volume of 18,908 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CFPZF. Raymond James Financial lowered shares of Canfor from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada downgraded Canfor to a “sector perform” rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on CFPZF
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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