Canfor (OTCMKTS:CFPZF) Stock Passes Below Fifty Day Moving Average of $16.82

Canfor Co. (OTCMKTS:CFPZFGet Rating) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $16.82 and traded as low as $16.42. Canfor shares last traded at $16.42, with a volume of 1,500 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CFPZF. CIBC cut shares of Canfor from an “outperform” rating to a “neutral” rating in a research report on Monday, October 3rd. TD Securities decreased their target price on shares of Canfor from C$31.00 to C$29.00 in a research report on Monday, October 31st. Finally, Scotiabank decreased their target price on shares of Canfor from C$33.00 to C$30.00 in a research report on Monday, January 9th.

Canfor Stock Performance

The business’s 50-day simple moving average is $16.82 and its two-hundred day simple moving average is $17.49.

About Canfor

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Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.

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