Conifex Timber (TSE:CFF) Price Target Raised to C$2.50 at CIBC

Conifex Timber (TSE:CFFGet Rating) had its target price raised by CIBC from C$2.25 to C$2.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 31.58% from the stock’s current price.

Several other research analysts also recently commented on the stock. Raymond James set a C$3.25 price target on shares of Conifex Timber and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada decreased their target price on 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 on Thursday, reaching C$1.90. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 30,419. Conifex Timber has a 12-month low of C$1.55 and a 12-month high of C$2.56. The stock’s 50 day simple moving average is C$1.96 and its two-hundred day simple moving average is C$2.02. The company has a debt-to-equity ratio of 45.74, a current ratio of 2.56 and a quick ratio of 0.50. The stock has a market capitalization of C$76.28 million and a P/E ratio of 3.16.

Conifex Timber (TSE:CFFGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.05). The company had revenue of C$59.90 million for the quarter. Analysts expect that Conifex Timber will post 0.24 earnings per share for the current year.

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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