Conifex Timber Inc. (TSE:CFF) – National Bank Financial dropped their Q3 2016 earnings estimates for Conifex Timber in a report released on Tuesday. National Bank Financial analyst R. Merer now anticipates that the brokerage will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. National Bank Financial also issued estimates for Conifex Timber’s FY2017 earnings at $0.14 EPS.
Other equities analysts also recently issued research reports about the stock. CIBC lifted their price objective on shares of Conifex Timber from C$4.50 to C$5.00 in a report on Wednesday, August 10th. TD Securities upgraded Conifex Timber from a “reduce” rating to a “hold” rating and raised their target price for the company from C$2.00 to C$3.75 in a research note on Tuesday, July 19th. Raymond James Financial Inc. raised their target price on Conifex Timber from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Finally, Royal Bank Of Canada cut Conifex Timber from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$4.00 to C$3.50 in a research note on Friday, June 17th.
Shares of Conifex Timber (TSE:CFF) opened at 3.52 on Friday. The firm has a market capitalization of $74.47 million and a PE ratio of 1.34. Conifex Timber has a 52 week low of $1.50 and a 52 week high of $3.74. The company has a 50-day moving average of $3.46 and a 200-day moving average of $3.11.
About Conifex Timber
Conifex Timber Inc is a Canada-based forestry company. The Company operates two business segments: Lumber and Bioenergy. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. The Lumber segment operates approximately three sawmill complexes in British Columbia, over one in Fort St.
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