Conifex Timber Inc (CFF) Given a C$3.75 Price Target at TD Securities
Conifex Timber Inc (TSE:CFF) has been given a C$3.75 target price by stock analysts at TD Securities in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 16.10% from the company’s previous close.
Other research analysts also recently issued research reports about the company. CIBC cut their price target on Conifex Timber from C$5.00 to C$4.50 in a research note on Friday, November 11th. Raymond James Financial, Inc. cut their price target on Conifex Timber from C$5.00 to C$4.00 in a research note on Thursday, October 20th. RBC Capital Markets raised Conifex Timber from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$3.00 to C$4.50 in a research note on Thursday. Royal Bank Of Canada raised Conifex Timber from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$3.00 to C$4.50 in a research note on Thursday. Finally, National Bank Financial downgraded Conifex Timber from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, November 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$4.65.
Shares of Conifex Timber (TSE:CFF) traded up 1.86% on Thursday, reaching $3.29. The company’s stock had a trading volume of 61,990 shares. Conifex Timber has a 52-week low of $1.70 and a 52-week high of $3.74. The company has a 50 day moving average price of $2.99 and a 200 day moving average price of $3.19. The company has a market cap of $69.73 million and a P/E ratio of 1.14.
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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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