Conifex Timber (TSE:CFF) Price Target Lowered to C$0.50 at Royal Bank of Canada

Conifex Timber (TSE:CFF) had its price objective cut by Royal Bank of Canada from C$2.00 to C$0.50 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Conifex Timber stock opened at C$0.26 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.25 and a debt-to-equity ratio of 95.05. The business’s fifty day simple moving average is C$0.61 and its two-hundred day simple moving average is C$1.03. Conifex Timber has a 12 month low of C$0.20 and a 12 month high of C$3.69. The company has a market capitalization of $12.12 million and a price-to-earnings ratio of -0.30.

Conifex Timber (TSE:CFF) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.08) by C($0.10). The firm had revenue of C$95.72 million during the quarter. On average, equities research analysts predict that Conifex Timber will post -0.4787036 EPS for the current year.

Conifex Timber Company Profile

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

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