Interfor Corp (IFP) Given New C$24.00 Price Target at Scotiabank
Interfor Corp (TSE:IFP) had its price objective lifted by equities research analysts at Scotiabank from C$23.50 to C$24.00 in a note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 13.05% from the stock’s current price.
A number of other brokerages have also commented on IFP. CIBC raised their price objective on shares of Interfor Corp from C$23.00 to C$25.00 in a report on Thursday, October 19th. Raymond James Financial, Inc. lifted their price objective on shares of Interfor Corp from C$28.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Friday. TD Securities raised their target price on shares of Interfor Corp from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada raised their target price on shares of Interfor Corp from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets cut shares of Interfor Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$23.57.
Interfor Corp (IFP) traded up C$0.24 on Friday, hitting C$21.25. The stock had a trading volume of 516,692 shares.
TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/03/interfor-corp-ifp-given-new-c24-00-price-target-at-scotiabank.html.
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.
Receive News & Ratings for Interfor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interfor Corp and related companies with MarketBeat.com's FREE daily email newsletter.