TD Securities Forecasts Strong Price Appreciation for Interfor (TSE:IFP) Stock

Interfor (TSE:IFP) had its target price raised by TD Securities from C$11.00 to C$13.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 20.59% from the stock’s current price.

Several other equities research analysts have also recently issued reports on IFP. Raymond James Financial raised Interfor from a “moderate buy” rating to a “strong-buy” rating and lifted their target price for the stock from C$12.00 to C$14.00 in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce downgraded Interfor from a “hold” rating to a “strong sell” rating and reduced their price objective for the stock from C$9.00 to C$8.00 in a research note on Tuesday, December 9th. Scotiabank raised Interfor from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$13.00 to C$14.00 in a report on Monday, January 26th. Finally, Royal Bank Of Canada cut their target price on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.40.

Interfor Price Performance

Shares of TSE:IFP opened at C$10.78 on Tuesday. The firm has a market cap of C$708.97 million, a price-to-earnings ratio of -1.72 and a beta of 2.35. The firm has a fifty day moving average price of C$9.70 and a 200 day moving average price of C$10.02. Interfor has a fifty-two week low of C$7.05 and a fifty-two week high of C$18.06. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.