Conifex Timber (CFF), the Materials sector company, has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Paul Quinn downgraded CFF to Hold , with a C$3 price target.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 13.3% and a 62.3% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.
Conifex Timber has an analyst consensus of Moderate Buy, with a price target consensus of C$4.67, representing a 152.4% upside. In a report released yesterday, TD Securities also reiterated a Hold rating on the stock with a C$2 price target.
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The company has a one-year high of C$6.99 and a one-year low of C$1.50. Currently, Conifex Timber has an average volume of 113.5K.
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$1.85, close to its 52-week low of C$1.50.
