Interfor Corp (IFP) PT Raised to C$29.00 at Raymond James Financial, Inc.
Interfor Corp (TSE:IFP) had its target price raised by stock analysts at Raymond James Financial, Inc. from C$28.00 to C$29.00 in a note issued to investors on Friday. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 36.47% from the company’s current price.
Several other research analysts have also recently issued reports on the stock. 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 report on Tuesday, August 8th. Royal Bank Of Canada lifted their price target on shares of Interfor Corp from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. BMO Capital Markets cut shares of Interfor Corp from an “outperform” rating to a “market perform” rating in a report on Monday, August 14th. Scotiabank raised their price objective on Interfor Corp from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Monday, August 21st. Finally, CIBC raised their price objective on Interfor Corp from C$23.00 to C$25.00 in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$23.57.
Shares of Interfor Corp (TSE IFP) traded up C$0.24 on Friday, reaching C$21.25. 516,692 shares of the company were exchanged.
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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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