Conifex Timber Inc’s Stock Is Sell After Today’s Huge Decline

 Conifex Timber Inc's Stock Is Sell After Today's Huge Decline

The stock of Conifex Timber Inc (TSE:CFF) is a huge mover today! About 10,340 shares traded hands. Conifex Timber Inc (TSE:CFF) has risen 26.96% since March 31, 2016 and is uptrending. It has outperformed by 25.87% the S&P500.
The move comes after 9 months negative chart setup for the $60.39 million company. It was reported on Nov, 4 by We have $2.51 PT which if reached, will make TSE:CFF worth $7.25 million less.

Conifex Timber Inc (TSE:CFF) Ratings Coverage

Out of 3 analysts covering Conifex Timber (TSE:CFF), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $8 is the highest target while $1.75 is the lowest. The $4.70 average target is 64.91% above today’s ($2.85) stock price. Conifex Timber has been the topic of 11 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, June 17 by RBC Capital Markets.

Conifex Timber Inc. is a Canada-based forestry company. The company has a market cap of $60.39 million. The Firm operates two business divisions: Lumber and Bioenergy. It has a 1.09 P/E ratio. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber.

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