Raymond James Thinks Conifex Timber’s Stock is Going to Recover

Conifex Timber (CFFResearch Report), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Daryl Swetlishoff from Raymond James rated Conifex Timber (CFFResearch Report) a Buy, setting a C$2.30 price target.

According to TipRanks.com, Swetlishoff is ranked #5106 out of 5181 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conifex Timber with a C$2.30 average price target.

The company has a one-year high of C$6.80 and a one-year low of C$1.18. Currently, Conifex Timber has an average volume of 57.4K.

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 Wednesday at C$1.32, close to its 52-week low of C$1.18.