Interfor Co. (IFP) Receives C$28.90 Consensus Target Price from Brokerages
Shares of Interfor Co. (TSE:IFP) have received an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$28.90.
IFP has been the subject of a number of analyst reports. CIBC boosted their price objective on shares of Interfor from C$28.00 to C$32.00 in a research note on Monday, March 19th. Raymond James boosted their price objective on shares of Interfor from C$31.00 to C$34.50 in a research note on Tuesday, April 10th. Scotiabank boosted their price objective on shares of Interfor from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Interfor from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th.
TSE IFP opened at C$24.17 on Wednesday. Interfor has a 12-month low of C$17.01 and a 12-month high of C$26.50.
Interfor Corporation, together with its subsidiaries, produces wood products. The company offers commodity structural lumber products; and specialty products, such as decking and siding products, machine stress rated products, industrial timber products, and various appearance grade items. It also provides wood chips and other residuals.
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