Conifex Timber (OTCMKTS:CFXTF) Given New $2.50 Price Target at Raymond James

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Conifex Timber (OTCMKTS:CFXTF) had its target price raised by Raymond James from $2.25 to $2.50 in a research report released on Wednesday, The Fly reports. They currently have an outperform rating on the stock.

Separately, CIBC boosted their price target on shares of Conifex Timber from $1.60 to $2.00 and gave the stock a neutral rating in a research note on Friday, December 18th.

Shares of CFXTF opened at $1.14 on Wednesday. Conifex Timber has a 12-month low of $0.26 and a 12-month high of $1.36. The company’s 50-day moving average price is $1.16 and its 200 day moving average price is $0.93.

Conifex Timber Company Profile

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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