Conifex Timber (CFF) Reaches New 12-Month High Following Analyst Upgrade

Conifex Timber Inc (TSE:CFF)’s share price reached a new 52-week high during trading on Wednesday after TD Securities raised their price target on the stock from C$6.50 to C$7.00. TD Securities currently has a hold rating on the stock. Conifex Timber traded as high as C$6.77 and last traded at C$6.73, with a volume of 39620 shares. The stock had previously closed at C$6.24.

CFF has been the subject of a number of other research reports. Royal Bank of Canada increased their target price on shares of Conifex Timber from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. CIBC increased their target price on shares of Conifex Timber from C$7.00 to C$8.00 in a research report on Friday, January 12th.

The company has a market capitalization of $164.97, a PE ratio of 10.23 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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