Conifex Timber (TSE:CFF) had its price target boosted by CIBC from C$7.00 to C$8.00 in a research note published on Friday.

Separately, Royal Bank of Canada upped their price objective on Conifex Timber from C$7.00 to C$8.00 and gave the stock an outperform rating in a research report on Friday, November 10th.

Conifex Timber (CFF) opened at C$5.77 on Friday. The firm has a market capitalization of $152.53, a PE ratio of 10.12 and a beta of 0.33. Conifex Timber has a 52-week low of C$2.87 and a 52-week high of C$5.94.

In related news, insider Holdings Limited Princeton sold 124,800 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of C$4.61, for a total transaction of C$575,328.00. Also, Director Janine Marie North purchased 10,000 shares of Conifex Timber stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of C$4.97 per share, with a total value of C$49,700.00.

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About Conifex Timber

Conifex Timber Inc is a forestry company. The Company’s segments include Lumber, Bioenergy and Corporate & other. The Lumber segment’s primary activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber finishing. In its Lumber segment, the Company owns three sawmill complexes in British Columbia, one in Fort St.

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