Interfor (TSE:IFP) Price Target Raised to C$17.00

Interfor (TSE:IFP) had its target price raised by equities researchers at Raymond James Financial from C$13.00 to C$17.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 34.71% from the company’s current price.

IFP has been the subject of several other reports. TD raised their price objective on shares of Interfor from C$10.00 to C$14.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada decreased their target price on Interfor from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Interfor presently has an average rating of “Moderate Buy” and an average price target of C$13.17.

Interfor Price Performance

Shares of TSE:IFP traded up C$0.06 during trading on Monday, reaching C$12.62. The stock had a trading volume of 75,426 shares, compared to its average volume of 299,819. Interfor has a 1-year low of C$7.05 and a 1-year high of C$14.00. The stock has a market cap of C$829.98 million, a PE ratio of -1.93 and a beta of 1.61. The business has a fifty day moving average price of C$11.62 and a 200-day moving average price of C$10.54. The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12.

Interfor (TSE:IFP) last issued its earnings results on Thursday, May 14th. The company reported C($0.96) EPS for the quarter. The business had revenue of C$643.20 million during the quarter. Interfor had a negative net margin of 13.73% and a negative return on equity of 28.72%. On average, equities analysts forecast that Interfor will post 2.8616667 earnings per share for the current fiscal year.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.