Conifex Timber (CFF) PT Lowered to C$5.50

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Conifex Timber (TSE:CFF) had its target price cut by CIBC from C$9.00 to C$5.50 in a research note published on Wednesday, September 19th.

Several other research analysts have also recently weighed in on the company. TD Securities cut their price objective on Conifex Timber from C$7.00 to C$6.00 and set a hold rating on the stock in a research report on Monday, August 13th. Raymond James upped their price target on Conifex Timber from C$10.00 to C$10.50 and gave the company an outperform rating in a research report on Tuesday, June 26th. Finally, Royal Bank of Canada upped their price target on Conifex Timber from C$8.00 to C$9.00 and gave the company an outperform rating in a research report on Thursday, June 28th.

Shares of TSE CFF traded down C$0.07 during midday trading on Wednesday, hitting C$3.24. 72,200 shares of the stock traded hands, compared to its average volume of 47,495. Conifex Timber has a one year low of C$3.16 and a one year high of C$6.99.

Conifex Timber (TSE:CFF) last announced its quarterly earnings results on Friday, August 10th. The company reported C$0.35 earnings per share (EPS) for the quarter. Conifex Timber had a return on equity of 15.59% and a net margin of 6.02%. The business had revenue of C$200.30 million during the quarter.

Conifex Timber Company Profile

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

Read More: How to calculate the intrinsic value of a stock

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