Conifex Timber (TSE:CFF) Price Target Lowered to C$2.25 at CIBC

Conifex Timber (TSE:CFFGet Rating) had its target price dropped by analysts at CIBC from C$2.50 to C$2.25 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 17.19% from the stock’s previous close.

CFF has been the subject of a number of other research reports. Raymond James set a C$3.25 target price on Conifex Timber and gave the stock an “outperform” rating in a research report on Wednesday, March 9th. Royal Bank of Canada reduced their price target on shares of Conifex Timber from C$3.00 to C$2.50 in a research report on Thursday, April 7th.

Shares of CFF traded down C$0.05 during trading hours on Thursday, hitting C$1.92. The company had a trading volume of 5,330 shares, compared to its average volume of 33,342. Conifex Timber has a 52-week low of C$1.55 and a 52-week high of C$2.85. The firm has a fifty day moving average price of C$2.04 and a 200-day moving average price of C$2.02. The company has a debt-to-equity ratio of 45.74, a quick ratio of 0.50 and a current ratio of 2.56. The stock has a market capitalization of C$77.09 million and a price-to-earnings ratio of 3.19.

About Conifex Timber (Get Rating)

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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