Interfor (TSE:IFP) had its price objective upped by CIBC from C$27.00 to C$28.00 in a report released on Monday. CIBC’s price objective would indicate a potential upside of 19.91% from the stock’s previous close.
IFP has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on Interfor from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank upped their target price on Interfor from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James Financial upped their target price on Interfor from C$29.00 to C$31.00 in a research report on Tuesday, January 30th. Finally, TD Securities upped their target price on Interfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$25.29.
Shares of Interfor (IFP) traded up C$0.40 during midday trading on Monday, hitting C$23.35. The company had a trading volume of 167,370 shares, compared to its average volume of 290,333. The company has a market cap of $1,610.00, a PE ratio of 18.68 and a beta of 2.43. Interfor has a 1-year low of C$16.21 and a 1-year high of C$23.92.
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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