Conifex Timber Inc (CFF) Given Average Recommendation of “Buy” by Analysts
Shares of Conifex Timber Inc (TSE:CFF) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$4.65.
Several equities analysts have issued reports on the company. TD Securities reiterated a “hold” rating and set a C$3.75 target price on shares of Conifex Timber in a research report on Thursday. RBC Capital Markets upgraded Conifex Timber from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$3.00 to C$4.50 in a research report on Thursday. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$6.00 target price on shares of Conifex Timber in a research report on Thursday. Royal Bank Of Canada upgraded Conifex Timber from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$3.00 to C$4.50 in a research report on Thursday. Finally, National Bank Financial cut Conifex Timber from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, November 10th.
Shares of Conifex Timber (TSE:CFF) traded down 3.49% during trading on Friday, reaching $3.18. The company had a trading volume of 138,084 shares. The firm has a market capitalization of $67.40 million and a P/E ratio of 1.10. The firm’s 50 day moving average price is $3.01 and its 200 day moving average price is $3.19. Conifex Timber has a 12 month low of $1.95 and a 12 month high of $3.74.
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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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