Canfor (TSE:CFP) Stock Rating Lowered by Scotiabank

Canfor (TSE:CFP) was downgraded by Scotiabank from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

CFP has been the subject of a number of other reports. CIBC dropped their price target on shares of Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. BMO Capital Markets downgraded shares of Canfor from an “outperform” rating to a “market perform” rating in a research note on Friday, December 6th. Royal Bank of Canada lowered their target price on shares of Canfor from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Raymond James lowered their target price on shares of Canfor from C$28.00 to C$24.00 in a research note on Thursday, January 30th. Finally, TD Securities lowered their target price on shares of Canfor from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor has an average rating of “Moderate Buy” and an average price target of C$20.33.

Canfor Trading Up 1.9 %

CFP opened at C$14.96 on Monday. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14. The company has a market cap of C$1.77 billion, a price-to-earnings ratio of -4.44 and a beta of 2.08. The firm has a 50 day simple moving average of C$15.67 and a 200 day simple moving average of C$15.84. Canfor has a fifty-two week low of C$13.53 and a fifty-two week high of C$18.38.

About Canfor

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.