Conifex Timber (CFF) Sets New 52-Week High on Analyst Upgrade
Conifex Timber Inc (TSE:CFF)’s share price reached a new 52-week high on Friday after CIBC raised their price target on the stock from C$7.00 to C$8.00. The company traded as high as C$5.94 and last traded at C$5.67, with a volume of 10151 shares traded. The stock had previously closed at C$5.66.
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 note on Friday, November 10th.
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 the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of C$4.97 per share, with a total value of C$49,700.00.
The stock has a market capitalization of $150.41, a P/E ratio of 9.95 and a beta of 0.33.
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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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