Raymond James Increases Conifex Timber (CFF) Price Target to C$10.50

Conifex Timber (TSE:CFF) had its price target lifted by research analysts at Raymond James from C$10.00 to C$10.50 in a research report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 79.18% from the stock’s current price.

Several other research analysts also recently commented on the stock. CIBC boosted their price objective on shares of Conifex Timber from C$8.00 to C$9.00 in a research report on Monday, March 19th. TD Securities lowered their price objective on shares of Conifex Timber from C$7.50 to C$7.00 and set a “hold” rating for the company in a research report on Friday, May 18th.

Shares of Conifex Timber opened at C$5.86 on Tuesday, according to MarketBeat Ratings. Conifex Timber has a one year low of C$3.02 and a one year high of C$6.99.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Tuesday, May 15th. The company reported C$0.10 EPS for the quarter. Conifex Timber had a net margin of 6.02% and a return on equity of 15.59%. The business had revenue of C$130.83 million during the quarter.

In other news, insider Johannes Dirk Thur acquired 5,000 shares of the stock in a transaction on Tuesday, May 29th. The stock was acquired at an average cost of C$5.47 per share, for a total transaction of C$27,350.00. Over the last 90 days, insiders have acquired 11,000 shares of company stock valued at $58,946.

Conifex Timber Company Profile

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

Receive News & Ratings for Conifex Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conifex Timber and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply