Interfor Corp (IFP) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Interfor Corp (TSE:IFP) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$23.33.
A number of analysts have recently weighed in on IFP shares. CIBC upped their target price on Interfor Corp from C$23.00 to C$25.00 in a research report on Thursday, October 19th. TD Securities upped their price objective 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. BMO Capital Markets downgraded Interfor Corp from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. Scotiabank upped their price objective 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 upped their price objective 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.
Shares of Interfor Corp (TSE:IFP) traded down 0.71% on Wednesday, hitting $20.85. The company’s stock had a trading volume of 135,410 shares. Interfor Corp has a 52 week low of $13.49 and a 52 week high of $22.14. The stock’s 50-day moving average price is $20.23 and its 200-day moving average price is $19.01. The firm has a market cap of $1.46 billion and a price-to-earnings ratio of 17.01.
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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