Conifex Timber Inc (CFF) Given Average Recommendation of “Buy” by Analysts

Shares of Conifex Timber Inc (TSE:CFF) have been given a consensus rating of “Buy” by the six research firms that are covering the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$4.65.

A number of equities analysts have issued reports on CFF shares. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$6.00 target price on shares of Conifex Timber in a report on Thursday. TD Securities reissued a “hold” rating and issued a C$3.75 target price on shares of Conifex Timber in a report on Wednesday, January 11th. Royal Bank Of Canada cut their target price on shares of Conifex Timber from C$3.50 to C$3.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. RBC Capital Markets raised Conifex Timber from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$3.00 to C$4.50 in a report on Thursday. Finally, CIBC cut their price target on Conifex Timber from C$5.00 to C$4.50 in a report on Friday, November 11th.

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Conifex Timber (TSE:CFF) traded down 3.49% during midday trading on Friday, hitting $3.18. The company had a trading volume of 138,084 shares. The stock has a market cap of $67.40 million and a price-to-earnings ratio of 1.10. Conifex Timber has a 12-month low of $1.95 and a 12-month high of $3.74. The company’s 50 day moving average is $3.01 and its 200 day moving average is $3.19.

About Conifex Timber

Conifex Timber Inc is a Canada-based forestry company. The Company operates two business segments: Lumber and Bioenergy. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. The Lumber segment operates approximately three sawmill complexes in British Columbia, over one in Fort St.

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