Canfor Co. (OTCMKTS:CFPZF) Given Average Recommendation of “Hold” by Analysts

Canfor Co. (OTCMKTS:CFPZF) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

CFPZF has been the topic of several research analyst reports. BMO Capital Markets reissued a “market perform” rating on shares of Canfor in a research note on Thursday, August 13th. Scotiabank reissued a “sector perform” rating on shares of Canfor in a research report on Tuesday, August 4th. TD Securities restated a “buy” rating on shares of Canfor in a research note on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canfor in a research note on Friday, July 31st.

Canfor Stock Up 3.8%

Shares of CFPZF stock opened at $10.92 on Monday. The firm has a 50 day moving average of $10.38 and a 200-day moving average of $9.85. Canfor has a 52 week low of $7.83 and a 52 week high of $11.83.

About Canfor

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.