Interfor Corp (IFP) PT Raised to C$24.00 at TD Securities
Interfor Corp (TSE:IFP) had its target price lifted by analysts at TD Securities from C$23.00 to C$24.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 19.88% from the stock’s previous close.
A number of other research firms have also weighed in on IFP. CIBC raised their target price on Interfor Corp from C$18.00 to C$22.00 in a report on Monday, April 24th. Scotiabank increased their price target on Interfor Corp from C$20.00 to C$22.50 and gave the company an “outperform” rating in a research report on Friday, May 5th. Finally, Raymond James Financial, Inc. increased their price target on Interfor Corp from C$24.00 to C$26.00 and gave the company a “strong-buy” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$22.50.
Interfor Corp (TSE:IFP) traded down 0.85% during midday trading on Tuesday, reaching $19.85. The company’s stock had a trading volume of 215,372 shares. Interfor Corp has a 52-week low of $12.67 and a 52-week high of $20.34. The firm has a 50 day moving average of $18.61 and a 200 day moving average of $17.81. The firm has a market cap of $1.39 billion and a P/E ratio of 16.45.
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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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