Conifex Timber (CFF) Price Target Increased to C$8.00 by Analysts at CIBC
Conifex Timber (TSE:CFF) had its target price upped by stock analysts at CIBC from C$7.00 to C$8.00 in a research note issued to investors on Friday. CIBC’s price objective suggests a potential upside of 41.09% from the company’s previous close.
Separately, Royal Bank of Canada boosted their target price on Conifex Timber from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.
Shares of Conifex Timber (TSE CFF) traded up C$0.01 on Friday, hitting C$5.67. The stock had a trading volume of 10,151 shares, compared to its average volume of 17,044. The stock has a market cap of $150.41, a PE ratio of 9.95 and a beta of 0.33. Conifex Timber has a fifty-two week low of C$2.87 and a fifty-two week high of C$5.71.
In other Conifex Timber news, Director Janine Marie North bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of C$4.97 per share, for a total transaction of C$49,700.00. Also, insider Holdings Limited Princeton sold 124,800 shares of the business’s 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 value of C$575,328.00.
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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