Interfor Corp (IFP) Downgraded to “Sector Perform” at CIBC
Interfor Corp (TSE:IFP) was downgraded by stock analysts at CIBC from a “sector outperform” rating to a “sector perform” rating in a report issued on Wednesday, StockTargetPrices.com reports.
IFP has been the subject of several other research reports. TD Securities raised their target price on shares of Interfor Corp from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Scotiabank reissued an “outperform” rating and set a C$16.50 target price on shares of Interfor Corp in a report on Friday, July 29th. Raymond James Financial Inc. reduced their target price on shares of Interfor Corp from C$16.50 to C$15.75 in a report on Thursday, July 7th. Finally, Dundee Securities raised shares of Interfor Corp from a “neutral” rating to a “buy” rating in a report on Wednesday, September 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$16.46.
Shares of Interfor Corp (TSE:IFP) opened at 15.04 on Wednesday. The stock has a market capitalization of $1.05 billion and a price-to-earnings ratio of 73.37. The firm’s 50-day moving average is $14.94 and its 200-day moving average is $13.28. Interfor Corp has a 52 week low of $8.67 and a 52 week high of $15.99.
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About Interfor Corp
Interfor Corporation, formerly International Forest Products Limited, is a Canada-based supplier of lumber products. The Company operates through solid wood segment. The Company offers lumber products to customers in North America, the Asia-Pacific region and Europe. The Company operates approximately five sawmills in British Columbia.
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