Canfor (CFP) Hits New 52-Week Low at $10.07
Canfor Co. (TSE:CFP) shares reached a new 52-week low on Tuesday . The company traded as low as C$10.07 and last traded at C$10.07, with a volume of 81546 shares. The stock had previously closed at C$10.22.
A number of research firms have weighed in on CFP. Royal Bank of Canada decreased their target price on shares of Canfor from C$21.00 to C$20.00 in a research note on Friday, April 5th. TD Securities decreased their target price on shares of Canfor from C$20.00 to C$17.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Raymond James decreased their target price on shares of Canfor from C$22.00 to C$18.00 in a research note on Monday, April 22nd. CIBC decreased their target price on shares of Canfor from C$18.00 to C$15.00 in a research note on Friday, May 3rd. Finally, BMO Capital Markets raised shares of Canfor from a “market perform” rating to an “outperform” rating in a research note on Monday, March 11th.
The company has a current ratio of 1.53, a quick ratio of 0.51 and a debt-to-equity ratio of 48.46. The company has a market capitalization of $1.28 billion and a price-to-earnings ratio of 8.33.
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Canfor Company Profile (TSE:CFP)
Canfor Corporation operates as an integrated forest products company in Canada and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, and wood pellets, as well as produces green energy.
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