Conifex Timber (TSE:CFF) Stock Rating Lowered by Raymond James

Conifex Timber (TSE:CFF) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Thursday,BayStreet.CA reports. They currently have a C$0.85 price target on the stock. Raymond James’ price objective suggests a potential upside of 165.63% from the stock’s current price.

Conifex Timber Stock Performance

CFF stock opened at C$0.32 on Thursday. Conifex Timber has a 1-year low of C$0.21 and a 1-year high of C$0.74. The company has a debt-to-equity ratio of 79.64, a current ratio of 1.48 and a quick ratio of 0.91. The company has a market capitalization of C$13.05 million, a price-to-earnings ratio of -0.58, a PEG ratio of 0.06 and a beta of 1.42. The business has a 50 day simple moving average of C$0.33 and a two-hundred day simple 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.