Royal Bank Of Canada upgraded shares of Conifex Timber Inc (TSE:CFF) from a sector perform rating to an outperform rating in a research note released on Thursday, reports. The firm currently has C$4.50 price objective on the stock, up from their previous price objective of C$3.00.

A number of other brokerages also recently weighed in on CFF. Raymond James Financial, Inc. lowered their target price on Conifex Timber from C$5.00 to C$4.00 in a report on Thursday, October 20th. TD Securities restated a hold rating and set a C$3.75 price objective on shares of Conifex Timber in a report on Wednesday, January 11th. CIBC decreased their price objective on Conifex Timber from C$5.00 to C$4.50 in a report on Friday, November 11th. Finally, National Bank Financial downgraded Conifex Timber from an outperform overweight rating to a sector perform overweight rating in a report on Thursday, November 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$4.65.

Analyst Recommendations for Conifex Timber (TSE:CFF)

Shares of Conifex Timber (TSE:CFF) opened at 3.295 on Thursday. Conifex Timber has a 1-year low of $1.95 and a 1-year high of $3.74. The company has a market cap of $69.84 million and a PE ratio of 1.138. The company has a 50-day moving average price of $3.01 and a 200-day moving average price of $3.19.

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Conifex Timber Company Profile

Conifex Timber Inc is a Canada-based forestry company. The Company operates two business segments: Lumber and Bioenergy. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. The Lumber segment operates approximately three sawmill complexes in British Columbia, over one in Fort St.

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