Conifex Timber Gets a Hold Rating from CIBC


Conifex Timber (TSX: CFF), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Hamir Patel from CIBC rated Conifex Timber (TSX: CFF) a Hold, setting a C$9 price target.

According to TipRanks.com, Patel is ranked #845 out of 4829 analysts.

Conifex Timber has an analyst consensus of Hold, with a price target consensus of C$9.

The company has a one-year high of C$6.99 and a one-year low of C$3.02. Currently, Conifex Timber has an average volume of 48.37K.

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 Tuesday at C$5.79.

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