Conifex Timber Inc. (CFF) Price Target Cut to C$4.50
Conifex Timber Inc. (TSE:CFF) had its price target lowered by research analysts at CIBC from C$5.00 to C$4.50 in a note issued to investors on Friday. CIBC’s price target suggests a potential upside of 53.58% from the company’s previous close.
Other analysts also recently issued reports about the company. Royal Bank Of Canada cut their price objective on Conifex Timber from C$3.50 to C$3.00 and set a “sector perform” rating for the company in a research report on Thursday, November 10th. TD Securities lifted their target price on Conifex Timber from C$3.75 to C$4.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, Raymond James Financial Inc. lifted their target price on Conifex Timber from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Conifex Timber currently has a consensus rating of “Hold” and a consensus price target of C$3.81.
Conifex Timber (TSE:CFF) opened at 2.93 on Friday. The stock’s 50 day moving average is $3.23 and its 200 day moving average is $3.30. The firm has a market cap of $61.98 million and a P/E ratio of 1.11. Conifex Timber has a 12-month low of $1.50 and a 12-month high of $3.74.
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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