Conifex Timber (TSE:CFF) had its price target raised by equities researchers at CIBC from C$7.00 to C$8.00 in a research report issued on Friday. CIBC’s target price would suggest a potential upside of 38.65% from the stock’s previous close.
Separately, Royal Bank of Canada boosted their price objective on Conifex Timber from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research note on Friday, November 10th.
Shares of Conifex Timber (TSE:CFF) opened at C$5.77 on Friday. Conifex Timber has a 52 week low of C$2.87 and a 52 week high of C$5.94. The firm has a market capitalization of $152.53, a P/E ratio of 10.12 and a beta of 0.33.
In other news, insider Holdings Limited Princeton sold 124,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of C$4.61, for a total value of C$575,328.00. Also, Director Janine Marie North bought 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of C$4.97 per share, for a total transaction of C$49,700.00.
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Conifex Timber Company Profile
Conifex Timber Inc is a forestry company. The Company’s segments include Lumber, Bioenergy and Corporate & other. The Lumber segment’s primary activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber finishing. In its Lumber segment, the Company owns three sawmill complexes in British Columbia, one in Fort St.
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