Interfor Corp (IFP) Given Average Rating of “Buy” by Analysts
Shares of Interfor Corp (TSE:IFP) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$23.00.
Several research firms recently weighed in on IFP. BMO Capital Markets downgraded Interfor Corp from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. CIBC upgraded Interfor Corp from a “neutral” rating to an “outperform” rating in a research report on Monday, June 5th. TD Securities increased their target price on Interfor Corp from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Scotiabank increased their target price on Interfor Corp from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. Finally, Royal Bank Of Canada increased their target price on Interfor Corp from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th.
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Shares of Interfor Corp (TSE:IFP) traded down 0.26% during mid-day trading on Tuesday, reaching $18.84. 264,992 shares of the company traded hands. The company’s 50 day moving average is $18.49 and its 200 day moving average is $18.34. The stock has a market capitalization of $1.32 billion and a price-to-earnings ratio of 15.37. Interfor Corp has a 52-week low of $13.49 and a 52-week high of $20.40.
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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