Shares of Canfor Co. (OTCMKTS:CFPZF – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.90 and traded as high as $10.77. Canfor shares last traded at $10.77, with a volume of 6,212 shares traded.
Analyst Upgrades and Downgrades
Separately, Raymond James Financial raised Canfor to a “strong-buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on Canfor
Canfor Price Performance
Canfor Company Profile
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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