Interfor Corp (IFP) Given Consensus Recommendation of “Buy” by Brokerages

Interfor Corp (TSE:IFP) has received a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$25.00.

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Interfor from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. CIBC upped their price target on Interfor from C$23.00 to C$25.00 in a research note on Thursday, October 19th. Raymond James Financial upped their price target on Interfor from C$29.00 to C$31.00 in a research note on Tuesday, January 30th. TD Securities upped their price target on Interfor from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Scotiabank upped their price target on Interfor from C$23.50 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd.

Shares of Interfor (TSE:IFP) traded up C$0.21 on Friday, hitting C$22.99. The company had a trading volume of 215,436 shares, compared to its average volume of 277,481. Interfor has a 52-week low of C$16.21 and a 52-week high of C$23.92. The stock has a market capitalization of $1,650.00, a PE ratio of 18.39 and a beta of 2.43.

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Interfor Company Profile

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.

Analyst Recommendations for Interfor (TSE:IFP)

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