Interfor Corp (IFP) Rating Lowered to Sector Perform at CIBC
Interfor Corp (TSE:IFP) was downgraded by research analysts at CIBC from a “sector outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, StockTargetPrices.com reports.
A number of other research analysts also recently issued reports on the company. TD Securities lifted their price target on Interfor Corp from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Scotiabank reiterated an “outperform” rating and issued a C$16.50 price target on shares of Interfor Corp in a report on Friday, July 29th. Raymond James Financial Inc. cut their price target on Interfor Corp from C$16.50 to C$15.75 in a report on Thursday, July 7th. Finally, Dundee Securities upgraded Interfor Corp from a “neutral” rating to a “buy” rating in a report on Wednesday, September 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$16.46.
Shares of Interfor Corp (TSE:IFP) traded down 2.094% during midday trading on Wednesday, reaching $14.725. The company had a trading volume of 75,349 shares. The stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 71.829. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99. The firm’s 50 day moving average price is $14.94 and its 200-day moving average price is $13.29.
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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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