Conifex Timber (TSE:CFF) Lowered to Market Perform Rating by Raymond James

Conifex Timber (TSE:CFF) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$0.85 price objective on the stock. Raymond James’ price objective would indicate a potential upside of 183.33% from the company’s previous close.

Conifex Timber Stock Up 5.3 %

TSE:CFF traded up C$0.02 during trading hours on Thursday, hitting C$0.30. The company’s stock had a trading volume of 10,000 shares, compared to its average volume of 11,081. Conifex Timber has a 52-week low of C$0.21 and a 52-week high of C$0.74. The company has a current ratio of 1.48, a quick ratio of 0.91 and a debt-to-equity ratio of 79.64. The stock has a market capitalization of C$12.23 million, a P/E ratio of -0.55, a price-to-earnings-growth ratio of 0.06 and a beta of 1.42. The stock has a fifty day moving average of C$0.33 and a 200-day moving average of C$0.38.

Conifex Timber Company Profile

Conifex Timber Inc engages in the production, marketing, and sale of lumber products in the United States, Canada, and Japan. The company is also involved in the timber harvesting, reforestation, and forest management activities; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips; and providing value added lumber finishing services.