Conifex Timber (TSE:CFF) Price Target Raised to C$4.00

Conifex Timber (TSE:CFF) had its price objective upped by Royal Bank of Canada from C$3.00 to C$4.00 in a report issued on Wednesday morning, Price reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Raymond James lifted their target price on shares of Conifex Timber from C$2.60 to C$3.00 and gave the stock a buy rating in a research report on Wednesday, April 7th. CIBC lifted their target price on shares of Conifex Timber from C$2.50 to C$3.00 and gave the stock a neutral rating in a research report on Tuesday, April 13th.

CFF stock opened at C$2.43 on Wednesday. The company has a market capitalization of C$112.88 million and a P/E ratio of -17.61. The company has a debt-to-equity ratio of 54.46, a quick ratio of 0.90 and a current ratio of 2.05. Conifex Timber has a 52-week low of C$0.41 and a 52-week high of C$2.85. The business has a 50-day simple moving average of C$2.44 and a two-hundred day simple moving average of C$1.78.

Conifex Timber (TSE:CFF) last released its quarterly earnings results on Tuesday, March 2nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The business had revenue of C$49.80 million during the quarter. As a group, sell-side analysts forecast that Conifex Timber will post 0.28 earnings per share for the current fiscal year.

About Conifex Timber

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as by-products or residues, such as trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.

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