Raymond James Reaffirms “Market Perform” Rating for Conifex Timber (TSE:CFF)

Conifex Timber (TSE:CFF)‘s stock had its “market perform” rating reissued by research analysts at Raymond James in a report released on Friday, BayStreet.CA reports. They presently have a C$0.80 price target on the stock. Raymond James’ price target suggests a potential downside of 2.44% from the stock’s previous close.

A number of other equities analysts also recently weighed in on CFF. TD Securities upgraded Conifex Timber from a “reduce” rating to a “hold” rating and set a C$0.90 target price on the stock in a report on Monday, December 30th. Royal Bank of Canada upgraded shares of Conifex Timber from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$0.50 to C$1.00 in a report on Tuesday, January 14th. Finally, CIBC boosted their price objective on shares of Conifex Timber from C$0.50 to C$0.75 in a research report on Thursday, February 6th.

Shares of CFF stock traded down C$0.01 on Friday, reaching C$0.82. 67,415 shares of the company’s stock traded hands, compared to its average volume of 28,296. Conifex Timber has a 12-month low of C$0.20 and a 12-month high of C$1.93. The company has a debt-to-equity ratio of 94.59, a quick ratio of 0.11 and a current ratio of 0.47. The company has a market capitalization of $38.95 million and a P/E ratio of -0.49. The business’s 50 day moving average price is C$0.74 and its two-hundred day moving average price is C$0.59.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Friday, November 15th. The company reported C($0.35) EPS for the quarter. The business had revenue of C$65.19 million during the quarter. Research analysts predict that Conifex Timber will post -0.75 earnings per share for the current year.

About Conifex Timber

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

Featured Story: Range Trading

Receive News & Ratings for Conifex Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conifex Timber and related companies with MarketBeat.com's FREE daily email newsletter.