Interfor Corp (IFP) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Interfor Corp (TSE:IFP) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$24.33.
IFP has been the subject of a number of recent research reports. Raymond James Financial, Inc. lifted their price target on shares of Interfor from C$28.00 to C$29.00 and gave the stock a “strong-buy” rating in a report on Friday, November 3rd. BMO Capital Markets downgraded shares of Interfor from an “outperform” rating to a “market perform” rating in a report on Monday, August 14th. CIBC lifted their price target on shares of Interfor from C$23.00 to C$25.00 in a report on Thursday, October 19th. TD Securities lifted their price target on shares of Interfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Scotiabank lifted their price target on shares of Interfor from C$23.50 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd.
Shares of Interfor (TSE IFP) traded up C$0.09 during midday trading on Friday, hitting C$21.78. 80,300 shares of the stock were exchanged, compared to its average volume of 220,468. Interfor has a 1-year low of C$13.49 and a 1-year high of C$22.43.
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.