Interfor (IFP) Price Target Raised to C$28.00

Interfor (TSE:IFP) had its price target raised by analysts at Royal Bank of Canada from C$26.00 to C$28.00 in a research note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 19.91% from the stock’s current price.

A number of other research analysts have also commented on IFP. CIBC upped their target price on Interfor from C$23.00 to C$25.00 in a research note on Thursday, October 19th. Raymond James Financial upped their target price on Interfor from C$29.00 to C$31.00 in a research note on Tuesday, January 30th. Scotiabank upped their target price on Interfor from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities upped their target price 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. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$25.29.

Interfor (IFP) traded up C$0.40 on Monday, hitting C$23.35. The stock had a trading volume of 167,370 shares, compared to its average volume of 290,333. Interfor has a 12 month low of C$16.21 and a 12 month high of C$23.92. The company has a market capitalization of $1,610.00, a PE ratio of 18.68 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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