CIBC Lowers Conifex Timber (CFF) Price Target to C$5.00

Conifex Timber (TSE:CFF) had its target price cut by analysts at CIBC from C$5.50 to C$5.00 in a note issued to investors on Monday, October 15th. CIBC’s price target would indicate a potential upside of 63.93% from the stock’s previous close.

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

Shares of CFF stock opened at C$3.05 on Monday. Conifex Timber has a twelve month low of C$2.42 and a twelve month high of C$6.99.

Conifex Timber (TSE:CFF) last issued its earnings results on Friday, August 10th. The company reported C$0.35 earnings per share for the quarter. The firm had revenue of C$200.30 million during the quarter.

About Conifex Timber

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.

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