Royal Bank Of Canada Boosts Interfor Corp (TSE:IFP) Price Target to C$23.00
Interfor Corp (TSE:IFP) had its price objective raised by equities researchers at Royal Bank Of Canada from C$22.00 to C$23.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 14.89% from the company’s current price.
IFP has been the subject of a number of other research reports. CIBC upped their target price on Interfor Corp from C$18.00 to C$22.00 in a research report on Monday, April 24th. TD Securities upped their target price on Interfor Corp from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Raymond James Financial, Inc. upped their target price on Interfor Corp from C$24.00 to C$26.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 5th. Finally, Scotiabank upped their target price on Interfor Corp from C$20.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$22.50.
Shares of Interfor Corp (TSE IFP) traded down 0.85% during mid-day trading on Tuesday, hitting $19.85. 215,372 shares of the company were exchanged. The stock has a market cap of $1.39 billion and a PE ratio of 16.45. Interfor Corp has a 12-month low of $12.67 and a 12-month high of $20.34. The stock’s 50-day moving average price is $18.61 and its 200 day moving average price is $17.81.
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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