Analysts Issue Forecasts for Conifex Timber Inc.’s FY2018 Earnings (CFF)
Conifex Timber Inc. (TSE:CFF) – Analysts at Raymond James Financial issued their FY2018 earnings per share (EPS) estimates for Conifex Timber in a research note issued to investors on Thursday. Raymond James Financial analyst D. Swetlishoff expects that the firm will post earnings of $0.83 per share for the year.
Several other equities research analysts have also issued reports on the stock. National Bank Financial lowered shares of Conifex Timber from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday. TD Securities dropped their price objective on shares of Conifex Timber from C$4.00 to C$3.75 and set a “hold” rating for the company in a research report on Friday. CIBC dropped their price objective on shares of Conifex Timber from C$5.00 to C$4.50 in a research report on Friday. Finally, Royal Bank Of Canada lowered their price target on shares of Conifex Timber from C$3.50 to C$3.00 and set a “sector perform” rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$3.81.
About Conifex Timber
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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