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What’s Canfor Corporation Upside After Today’s Huge Increase?

December 2, 2015

By: Financial Magazin

The stock of Canfor Corporation (TSE:CFP) is a huge mover today! The stock is up 0.48% or $0.1 after the news, hitting $20.82 per share. About 38,776 shares traded hands. Canfor Corporation (TSE:CFP) has declined 13.23% since April 27, 2015 and is downtrending. It has underperformed by 12.34% the S&P500.
The move comes after 8 months positive chart setup for the $2.79 billion company. It was reported on Nov, 30 by Barchart.com. We have $27.48 PT which if reached, will make TSE:CFP worth $892.80 million more.

Canfor Corp is a Canada-based integrated forest products firm with interests in British Columbia, Alberta, North and South Carolina, Alabama, Georgia and Mississippi. The company has a market cap of $2.79 billion. The Firm produces primarily softwood lumber and specialized wood products. It has 53.21 P/E ratio.

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By: Financial Magazin

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