Canfor Co. (TSE:CFP) fell 1% on Wednesday . The company traded as low as C$25.47 and last traded at C$25.56. 222,520 shares were traded during trading, a decline of 31% from the average session volume of 323,631 shares. The stock had previously closed at C$25.82.
A number of brokerages recently issued reports on CFP. Scotiabank lifted their price target on shares of Canfor from C$25.25 to C$26.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. CIBC lifted their price target on shares of Canfor from C$25.00 to C$27.00 in a research report on Thursday, October 26th. TD Securities lifted their price target on shares of Canfor from C$29.00 to C$30.00 in a research report on Tuesday, October 24th. Finally, BMO Capital Markets cut shares of Canfor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Canfor has an average rating of “Hold” and a consensus price target of C$25.20.
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Canfor Company Profile
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.
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