Shares of Conifex Timber Inc (TSE:CFF) hit a new 52-week high on Friday after CIBC raised their price target on the stock from C$7.00 to C$8.00. The company traded as high as C$5.94 and last traded at C$5.67, with a volume of 10151 shares. The stock had previously closed at C$5.66.
Separately, Royal Bank of Canada upped their price target on shares of Conifex Timber from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th.
In other news, Director Janine Marie North acquired 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were purchased at an average price of C$4.97 per share, for a total transaction of C$49,700.00. Also, insider Holdings Limited Princeton sold 124,800 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$4.61, for a total transaction of C$575,328.00.
The firm has a market capitalization of $152.53, a price-to-earnings ratio of 10.12 and a beta of 0.33.
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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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