Patrick Elliott Sells 1,010 Shares of Canfor Co. (TSE:CFP) Stock

Canfor Co. (TSE:CFP) Director Patrick Elliott sold 1,010 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of C$31.00, for a total transaction of C$31,310.00.

Canfor Co. (TSE CFP) traded down C$0.12 during trading on Friday, hitting C$30.23. 374,158 shares of the company traded hands, compared to its average volume of 397,182. Canfor Co. has a 1-year low of C$17.10 and a 1-year high of C$31.87. The stock has a market cap of $3,910.00, a price-to-earnings ratio of 11.63 and a beta of 1.81.

A number of equities analysts have recently commented on CFP shares. Royal Bank of Canada lifted their price objective on shares of Canfor from C$26.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Raymond James Financial boosted their target price on shares of Canfor from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. BMO Capital Markets restated a “market perform” rating and set a C$26.00 target price on shares of Canfor in a research report on Wednesday, February 28th. CIBC boosted their target price on shares of Canfor from C$30.00 to C$32.00 in a research report on Tuesday, February 27th. Finally, TD Securities boosted their target price on shares of Canfor from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$28.58.

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About Canfor

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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