Conifex Timber Inc. (CFF) Price Target Cut to C$3.75
Conifex Timber Inc. (TSE:CFF) had its target price lowered by stock analysts at TD Securities from C$4.00 to C$3.75 in a research report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 27.99% from the stock’s current price.
Other analysts have also issued reports about the stock. Royal Bank Of Canada reduced 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 research note on Thursday, November 10th. CIBC lifted 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, Raymond James Financial Inc. lifted 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. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$3.81.
Shares of Conifex Timber (TSE:CFF) opened at 2.93 on Friday. Conifex Timber has a 12-month low of $1.50 and a 12-month high of $3.74. The company has a market cap of $61.98 million and a price-to-earnings ratio of 1.11. The company’s 50-day moving average is $3.23 and its 200-day moving average is $3.30.
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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