Conifex Timber Inc (TSE:CFF) had its price target increased by equities research analysts at Royal Bank Of Canada from C$4.50 to C$5.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 30.55% from the company’s current price.

Separately, TD Securities increased their target price on Conifex Timber from C$3.75 to C$4.00 and gave the company a “hold” rating in a report on Friday.

Shares of Conifex Timber (TSE:CFF) traded up 1.04% on Friday, hitting $3.87. The stock had a trading volume of 14,469 shares. The firm has a market cap of $101.92 million and a PE ratio of 2.06. The firm’s 50-day moving average price is $3.21 and its 200 day moving average price is $3.13. Conifex Timber has a 52-week low of $2.75 and a 52-week high of $4.10.

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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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