Conifex Timber (CFF) Given New C$8.00 Price Target at CIBC

Conifex Timber (TSE:CFF) had its price objective lifted by investment analysts at CIBC from C$7.00 to C$8.00 in a note issued to investors on Friday. CIBC’s price target would indicate a potential upside of 41.09% from the company’s current price.

Separately, Royal Bank of Canada lifted their price objective on shares of Conifex Timber from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.

Conifex Timber (TSE CFF) traded up C$0.01 during trading hours on Friday, hitting C$5.67. 10,151 shares of the stock traded hands, compared to its average volume of 17,044. Conifex Timber has a 1-year low of C$2.87 and a 1-year high of C$5.71. The firm has a market capitalization of $152.53, a P/E ratio of 9.95 and a beta of 0.33.

In other Conifex Timber news, Director Janine Marie North bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of C$4.97 per share, for a total transaction of C$49,700.00. Also, insider Holdings Limited Princeton sold 124,800 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$4.61, for a total transaction of C$575,328.00.

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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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