FY2016 Earnings Forecast for Conifex Timber Inc. Issued By National Bank Financial (CFF)
Conifex Timber Inc. (TSE:CFF) – Research analysts at National Bank Financial boosted their FY2016 earnings per share estimates for Conifex Timber in a report issued on Tuesday. National Bank Financial analyst R. Merer now anticipates that the firm will post earnings per share of $0.64 for the year, up from their prior estimate of $0.58. National Bank Financial also issued estimates for Conifex Timber’s Q4 2016 earnings at $0.37 EPS.
CFF has been the topic of a number of other reports. Raymond James Financial Inc. boosted their price target on shares of Conifex Timber from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. TD Securities upgraded shares of Conifex Timber from a “reduce” rating to a “hold” rating and boosted their price target for the stock from C$2.00 to C$3.75 in a research note on Tuesday, July 19th. CIBC boosted their price target on shares of Conifex Timber from C$4.50 to C$5.00 in a research note on Wednesday, August 10th. Finally, Royal Bank Of Canada lowered shares of Conifex Timber from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$4.00 to C$3.50 in a research note on Friday, June 17th.
Shares of Conifex Timber (TSE:CFF) opened at 3.52 on Thursday. The company’s 50-day moving average is $3.46 and its 200 day moving average is $3.11. Conifex Timber has a 12 month low of $1.50 and a 12 month high of $3.74. The company has a market capitalization of $74.47 million and a price-to-earnings ratio of 1.34.
Conifex Timber Company Profile
Conifex Timber Inc is a Canada-based forestry company. The Company operates two business segments: Lumber and Bioenergy. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. The Lumber segment operates approximately three sawmill complexes in British Columbia, over one in Fort St.
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