Interfor Corp (IFP) Rating Increased to Buy at Dundee Securities
Interfor Corp (TSE:IFP) was upgraded by investment analysts at Dundee Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.
Other equities research analysts also recently issued research reports about the stock. TD Securities upped their target price on shares of Interfor Corp from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Raymond James Financial Inc. lowered their target price on shares of Interfor Corp from C$16.50 to C$15.75 in a research note on Thursday, July 7th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$16.50 target price on shares of Interfor Corp in a research note on Friday, July 29th. Seven investment analysts have rated the stock with a buy rating, Interfor Corp has a consensus rating of “Buy” and an average target price of C$16.46.
Shares of Interfor Corp (TSE:IFP) opened at 14.67 on Wednesday. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of 71.56. The company has a 50 day moving average of $15.00 and a 200 day moving average of $13.17. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99.
About Interfor Corp
Interfor Corporation, formerly International Forest Products Limited, is a Canada-based supplier of lumber products. The Company operates through solid wood segment. The Company offers lumber products to customers in North America, the Asia-Pacific region and Europe. The Company operates approximately five sawmills in British Columbia.
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