Interfor Corp (TSE:IFP) Receives C$16.71 Average Price Target from Analysts
Interfor Corp (TSE:IFP) has been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$16.71.
IFP has been the topic of a number of research analyst reports. Dundee Securities upgraded Interfor Corp from a “neutral” rating to a “buy” rating in a report on Wednesday, September 28th. Raymond James Financial Inc. lowered their target price on Interfor Corp from C$16.50 to C$15.75 in a research note on Thursday, July 7th. Scotiabank restated an “outperform” rating and issued a C$16.50 target price on shares of Interfor Corp in a research note on Friday, July 29th. Finally, TD Securities boosted their target price on 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.
Shares of Interfor Corp (TSE:IFP) opened at 14.40 on Monday. Interfor Corp has a 12-month low of $8.67 and a 12-month high of $15.99. The firm’s 50-day moving average price is $14.89 and its 200 day moving average price is $13.23. The stock has a market capitalization of $1.01 billion and a P/E ratio of 70.24.
Interfor Corp Company Profile
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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