In a new note to investors yesterday, an analyst has provided a rating update for Conifex Timber (CFF). Analyst Hamir Patel from CIBC remains neutral on the stock and has a C$2 price target.
According to TipRanks.com, Patel is a 4-star analyst with an average return of 6.3% and a 45.7% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.
Conifex Timber has an analyst consensus of Hold, with a price target consensus of C$3.17, implying a 51.0% upside from current levels. In a report issued on January 8, RBC Capital also downgraded the stock to Hold with a C$3 price target.
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Conifex Timber’s market cap is currently C$99.26M and has a P/E ratio of 2.5. The company has a Price to Book ratio of 0.29.
Conifex Timber, Inc. engages in the manufacture of structural grade dimension lumber and generation of bio-energy. It operates through the Lumber and Bioenergy segments. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale, and distribution of dimension lumber.
The company’s shares closed on Monday at C$2.10, close to its 52-week low of C$1.50.
