CIBC Increases Conifex Timber Inc (CFF) Price Target to C$7.00

Conifex Timber Inc (TSE:CFF) had its price target increased by stock analysts at CIBC from C$5.00 to C$7.00 in a report issued on Monday. CIBC’s price target would suggest a potential upside of 28.44% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of Conifex Timber from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. TD Securities increased their target price on shares of Conifex Timber from C$3.75 to C$4.00 and gave the company a “hold” rating in a research report on Friday, August 11th.

Shares of Conifex Timber (TSE CFF) opened at C$5.45 on Monday. Conifex Timber has a 52-week low of C$2.75 and a 52-week high of C$5.49.

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In other news, insider Holdings Limited Princeton sold 124,800 shares of the firm’s stock in a transaction that occurred 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.

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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