Interfor (IFP) Reaches New 1-Year High After Analyst Upgrade

Interfor Corp (TSE:IFP)’s share price reached a new 52-week high during mid-day trading on Friday after CIBC raised their price target on the stock from C$25.00 to C$27.00. The company traded as high as C$23.36 and last traded at C$21.70, with a volume of 285628 shares. The stock had previously closed at C$21.66.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada raised their price target on Interfor from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. TD Securities raised their price target on Interfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Scotiabank raised their price target on Interfor from C$23.50 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Finally, Raymond James Financial lifted their price objective on Interfor from C$28.00 to C$29.00 and gave the company a “strong-buy” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$24.14.

The firm has a market capitalization of $1,610.00, a price-to-earnings ratio of 18.36 and a beta of 2.44.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.thelincolnianonline.com/2018/01/14/interfor-ifp-reaches-new-1-year-high-after-analyst-upgrade.html.

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.

Receive News & Ratings for Interfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interfor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply