Raymond James Increases Conifex Timber (TSE:CFF) Price Target to C$1.50

Conifex Timber (TSE:CFF) had its price target increased by analysts at Raymond James from C$1.25 to C$1.50 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 275.00% from the company’s current price.

Conifex Timber Stock Performance

TSE:CFF traded up C$0.01 during mid-day trading on Tuesday, hitting C$0.40. 2,500 shares of the company’s stock traded hands, compared to its average volume of 22,202. The company has a current ratio of 1.45, a quick ratio of 0.91 and a debt-to-equity ratio of 55.28. The firm has a 50 day moving average of C$0.45 and a two-hundred day moving average of C$0.60. The firm has a market capitalization of C$16.17 million, a price-to-earnings ratio of -0.52, a price-to-earnings-growth ratio of 0.06 and a beta of 1.50. Conifex Timber has a 12 month low of C$0.32 and a 12 month high of C$1.37.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Thursday, May 9th. The company reported C($0.11) EPS for the quarter. The firm had revenue of C$40.70 million during the quarter. Conifex Timber had a negative return on equity of 23.40% and a negative net margin of 21.70%. On average, equities analysts forecast that Conifex Timber will post 0.0300312 earnings per share for the current fiscal year.

About Conifex Timber

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as residual products, such as wood chips, trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.