Patrick Elliott Sells 1,010 Shares of Canfor Co. (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 value of C$31,310.00.

Shares of Canfor Co. (TSE CFP) traded up C$1.09 during midday trading on Friday, hitting C$30.69. The stock had a trading volume of 567,700 shares, compared to its average volume of 460,525. Canfor Co. has a 12-month low of C$17.10 and a 12-month high of C$31.87. The stock has a market capitalization of $3,950.00, a P/E ratio of 11.76 and a beta of 1.81.

CFP has been the topic of several recent analyst reports. Raymond James Financial increased their price target on Canfor from C$30.00 to C$33.00 in a report on Tuesday, January 30th. CIBC increased their price target on Canfor from C$27.00 to C$30.00 in a report on Friday, January 12th. BMO Capital Markets reiterated a “market perform” rating and issued a C$26.00 price target on shares of Canfor in a report on Wednesday, February 28th. Royal Bank of Canada upgraded Canfor from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$20.00 to C$26.00 in a report on Friday, January 12th. Finally, TD Securities increased their price target on Canfor from C$32.00 to C$36.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$28.58.

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Canfor Company Profile

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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