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TD Securities announced Conifex Timber (TSE:CFF), bumping up its stock price target to $3.75 today

In a report released on 01/11/2017 TD Securities increased the stock price target of Conifex Timber (TSE:CFF) to $3.75 reporting a possible upside of 0.25%.

Previously on 3/1/2016, CIBC World Markets released a statement about Conifex Timber (TSE:CFF) increased the target price from $0.00 to $3.00. At the time, this indicated a possible upside of 0.29%.

Just yesterday Conifex Timber (TSE:CFF) traded 0.00% even at $3.00. CFF’s 50-day average is $3.01 and its two hundred day average is $3.27. With the last close down -8.20% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.04% over the same period. Trade Volume was down over the average, with 5,200 shares of CFF changing hands under the typical 13,486

Recent Performance Chart

Conifex Timber (TSE:CFF)

Conifex Timber has PE ratio of 1.04 with a one year low of $1.50 and a one year high of $3.74 and has a market capitalization of $0.

A total of 5 equity analysts have released a ratings update on CFF. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $2.99.

Brief Synopsis About Conifex Timber (TSE:CFF)

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. James and over two in Mackenzie. It has approximately 40 megawatt (MW) biomass power generation plant (the Mackenzie Plant) to produce renewable energy for commercial sale. It markets and distributes the Company's lumber products through its subsidiaries, Conifex Fibre Marketing Inc. and Navcor Transportation Services Inc. In the Company's bioenergy segment, its subsidiary, Conifex Power Limited Partnership, owns and operates the Mackenzie Plant in Mackenzie BC. The Company's lumber products are primarily sold in the United States, Chinese, Canadian and Japanese markets.

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