Conifex Timber Inc Rises A lot Today, Is Now One of The Best Performer

 Conifex Timber Inc Rises A lot Today, Is Now One of The Best Performer

The stock of Conifex Timber Inc (TSE:CFF) is a huge mover today! About 11,793 shares traded hands or 6.67% up from the average. Conifex Timber Inc (TSE:CFF) has risen 25.55% since April 1, 2016 and is uptrending. It has outperformed by 23.59% the S&P500.
The move comes after 6 months positive chart setup for the $61.45 million company. It was reported on Nov, 7 by Barchart.com. We have $6.06 PT which if reached, will make TSE:CFF worth $66.98 million more.

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 62.07% above today’s ($2.9) stock price. Conifex Timber has been the topic of 11 analyst reports since August 7, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded Conifex Timber Inc (TSE:CFF) rating on Friday, June 17. RBC Capital Markets has “Sector Perform” rating and $3.50 price target.

Conifex Timber Inc. is a Canada-based forestry company. The company has a market cap of $61.45 million. The Firm operates two business divisions: Lumber and Bioenergy. It has a 1.11 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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