TD Securities Increases Conifex Timber Inc (CFF) Price Target to C$4.00

Conifex Timber Inc (TSE:CFF) had its price objective lifted by analysts at TD Securities from C$3.75 to C$4.00 in a report released on Friday. The firm currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 3.36% from the stock’s previous close.

Shares of Conifex Timber (TSE:CFF) opened at 3.87 on Friday. The stock’s 50 day moving average is $3.23 and its 200 day moving average is $3.14. Conifex Timber has a 52 week low of $2.75 and a 52 week high of $4.10. The stock has a market capitalization of $102.56 million and a PE ratio of 9.26.

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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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