Analysts Set Interfor Corp (IFP) Target Price at $25.00
Shares of Interfor Corp (TSE:IFP) have been given a consensus rating of “Buy” by the seven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$25.17.
A number of brokerages have commented on IFP. Royal Bank of Canada raised their price objective on Interfor from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. CIBC raised their price objective on Interfor from C$23.00 to C$25.00 in a research report on Thursday, October 19th. Raymond James Financial raised their price objective on Interfor from C$29.00 to C$31.00 in a research report on Tuesday, January 30th. Scotiabank raised their price objective on Interfor from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, TD Securities raised their price objective on Interfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Monday, November 6th.
Shares of Interfor (TSE IFP) traded up C$0.32 during midday trading on Friday, reaching C$23.27. The company’s stock had a trading volume of 134,970 shares, compared to its average volume of 288,636. Interfor has a 12-month low of C$16.21 and a 12-month high of C$23.92. The firm has a market cap of $1,610.00, a price-to-earnings ratio of 18.54 and a beta of 2.43.
Interfor Company Profile
Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs.
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