Conifex Timber Inc. (CFF.TO) (TSE:CFF) PT Raised to C$2.50

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Conifex Timber Inc. (CFF.TO) (TSE:CFF) had its price target raised by Raymond James from C$2.25 to C$2.50 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. CIBC increased their target price on shares of Conifex Timber Inc. (CFF.TO) from C$1.60 to C$2.00 in a report on Friday, December 18th. Royal Bank of Canada increased their target price on shares of Conifex Timber Inc. (CFF.TO) from C$1.50 to C$2.00 in a report on Tuesday, October 20th.

Shares of Conifex Timber Inc. (CFF.TO) stock opened at C$1.41 on Wednesday. The company has a debt-to-equity ratio of 56.02, a current ratio of 1.78 and a quick ratio of 0.78. Conifex Timber Inc. has a 1 year low of C$0.00 and a 1 year high of C$1.80. The firm’s 50-day moving average is C$1.49 and its two-hundred day moving average is C$1.24. The stock has a market cap of C$65.49 million and a price-to-earnings ratio of -0.39.

Conifex Timber Inc. (CFF.TO) (TSE:CFF) last issued its earnings results on Tuesday, November 10th. The company reported C$0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.08. The business had revenue of C$37.59 million for the quarter. On average, equities analysts expect that Conifex Timber Inc. will post 0.22 earnings per share for the current year.

About Conifex Timber Inc. (CFF.TO)

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally. The company's Lumber segment is involved in the timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing and distribution services.

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