Scotiabank Increases Interfor (IFP) Price Target to C$25.00

Interfor (TSE:IFP) had its target price boosted by investment analysts at Scotiabank from C$24.00 to C$25.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 10.91% from the company’s current price.

IFP has been the topic of a number of other research reports. Royal Bank of Canada lifted their price objective on Interfor from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Monday, November 6th. CIBC lifted their price objective on Interfor from C$23.00 to C$25.00 in a report on Thursday, October 19th. Raymond James Financial lifted their price objective on Interfor from C$29.00 to C$31.00 in a report on Tuesday, January 30th. Finally, TD Securities lifted their price objective on Interfor from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Monday, November 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$24.57.

Shares of Interfor (TSE:IFP) traded down C$0.24 on Friday, reaching C$22.54. The company’s stock had a trading volume of 409,911 shares, compared to its average volume of 278,765. Interfor has a 12 month low of C$16.21 and a 12 month high of C$23.92. The stock has a market cap of $1,650.00, a price-to-earnings ratio of 17.86 and a beta of 2.43.

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About Interfor

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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