Shares of Canfor Co. (TSE:CFP) traded down 1% during mid-day trading on Wednesday . The stock traded as low as C$25.47 and last traded at C$25.56. 222,520 shares were traded during mid-day trading, a decline of 31% from the average session volume of 323,631 shares. The stock had previously closed at C$25.82.
Several analysts have recently issued reports on the stock. Scotiabank boosted 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. TD Securities boosted their price target on shares of Canfor from C$29.00 to C$30.00 in a research report on Tuesday, October 24th. CIBC boosted their price target on shares of Canfor from C$25.00 to C$27.00 in a research report on Thursday, October 26th. Finally, BMO Capital Markets lowered shares of Canfor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently 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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