Conifex Timber (OTCMKTS:CFXTF) Price Target Raised to $2.50
Conifex Timber (OTCMKTS:CFXTF) had its price target hoisted by Raymond James from $2.25 to $2.50 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.
Separately, CIBC increased their price objective on Conifex Timber from $1.60 to $2.00 and gave the company a neutral rating in a research note on Friday, December 18th.
Conifex Timber stock opened at $1.14 on Wednesday. Conifex Timber has a fifty-two week low of $0.26 and a fifty-two week high of $1.36. The stock’s fifty day moving average is $1.16 and its two-hundred day moving average is $0.93.
Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally. The company's Lumber segment is involved in the timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing and distribution services.
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