Canfor (TSE:CFP) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Posted by Carolyn Dwyer on Mar 21st, 2025

Canfor Co. (TSE:CFP – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.87 and traded as high as C$16.02. Canfor shares last traded at C$15.97, with a volume of 240,616 shares trading hands.

Wall Street Analysts Forecast Growth

CFP has been the subject of several research reports. Royal Bank of Canada dropped 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 report on Friday, December 20th. TD Securities lowered their price target on Canfor from C$20.00 to C$19.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Raymond James cut their price objective on Canfor from C$28.00 to C$24.00 in a report on Thursday, January 30th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research report on Friday, December 6th. Finally, CIBC cut their price target on shares of Canfor from C$21.00 to C$19.00 in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Canfor presently has an average rating of “Moderate Buy” and a consensus target price of C$20.00.

Get Our Latest Research Report on Canfor

Canfor Stock Performance

The stock has a fifty day moving average of C$15.12 and a 200-day moving average of C$15.87. The company has a quick ratio of 2.14, a current ratio of 2.19 and a debt-to-equity ratio of 21.94. The stock has a market capitalization of C$1.85 billion, a PE ratio of -2.56 and a beta of 2.08.

Canfor Company Profile

(Get Free Report)

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.