Conifex Timber Inc (TSE:CFF) had its price objective upped by analysts at CIBC from C$4.50 to C$5.00 in a report issued on Thursday. CIBC’s price target suggests a potential upside of 10.86% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada boosted their target price on Conifex Timber from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. TD Securities boosted their target price on Conifex Timber from C$3.75 to C$4.00 and gave the stock a “hold” rating in a research note on Friday, August 11th.

Conifex Timber (TSE CFF) traded up 0.67% during trading on Thursday, hitting $4.54. 41,100 shares of the stock traded hands. The company has a market cap of $120.00 million and a P/E ratio of 11.07. Conifex Timber has a 12 month low of $2.75 and a 12 month high of $5.02. The company’s 50 day moving average price is $4.47 and its 200 day moving average price is $3.53.

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About Conifex Timber

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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