Interfor Corp (TSE:IFP) has been given an average rating of “Buy” by the eight research firms that are covering the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$19.71.
IFP has been the topic of a number of research analyst reports. TD Securities downgraded Interfor Corp from a “buy” rating to a “hold” rating and set a C$18.00 target price on the stock. in a research report on Thursday, January 5th. Royal Bank of Canada boosted their target price on Interfor Corp from C$17.00 to C$18.00 in a research report on Friday, January 6th. Scotiabank boosted their target price on Interfor Corp from C$18.75 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Raymond James Financial, Inc. boosted their target price on Interfor Corp from C$20.00 to C$21.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 10th. Finally, National Bank Financial boosted their target price on Interfor Corp from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a research report on Monday, February 13th.
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Shares of Interfor Corp (TSE:IFP) opened at 17.00 on Thursday. Interfor Corp has a 12 month low of $10.21 and a 12 month high of $18.75. The company’s 50 day moving average price is $17.04 and its 200-day moving average price is $15.34. The firm has a market capitalization of $1.19 billion and a P/E ratio of 18.14.
About Interfor Corp
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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