Interfor (TSE:IFP) Price Target Raised to C$16.00 at TD

Interfor (TSE:IFP) had its price target increased by stock analysts at TD from C$14.00 to C$16.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price target points to a potential upside of 7.24% from the stock’s current price.

Several other brokerages also recently issued reports on IFP. Raymond James Financial raised their price objective on shares of Interfor from C$13.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Royal Bank Of Canada decreased their price target on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interfor presently has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

Interfor Trading Up 5.7%

IFP stock traded up C$0.80 during mid-day trading on Monday, reaching C$14.92. 271,367 shares of the stock traded hands, compared to its average volume of 298,575. The company has a debt-to-equity ratio of 77.13, a quick ratio of 1.15 and a current ratio of 2.12. Interfor has a one year low of C$7.05 and a one year high of C$15.09. The stock has a market capitalization of C$981.24 million, a PE ratio of -2.28 and a beta of 1.63. The business has a 50-day moving average price of C$12.26 and a two-hundred day moving average price of C$10.78.

Interfor (TSE:IFP) last released its earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%.The firm had revenue of C$643.20 million during the quarter. Equities research analysts expect that Interfor will post 2.8616667 EPS for the current year.

Interfor Company Profile

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.