National Bank Financial Lowers Conifex Timber Inc. (CFF) to Sector Perform Overweight
Several other research analysts have also weighed in on the company. TD Securities lowered their price target on Conifex Timber from C$4.00 to C$3.75 and set a hold rating on the stock in a research report on Friday. CIBC reduced their target price on Conifex Timber from C$5.00 to C$4.50 in a research note on Friday. Royal Bank Of Canada reduced their target price on 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. Finally, Raymond James Financial Inc. reduced their target price on Conifex Timber from C$5.00 to C$4.00 in a research note on Thursday, October 20th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Conifex Timber currently has an average rating of Hold and a consensus price target of C$3.81.
Conifex Timber (TSE:CFF) opened at 2.93 on Thursday. Conifex Timber has a 1-year low of $1.50 and a 1-year high of $3.74. The firm has a market capitalization of $61.98 million and a price-to-earnings ratio of 1.11. The firm’s 50-day moving average price is $3.23 and its 200 day moving average price is $3.30.
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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