Interfor Corp (IFP) Downgraded to “Sector Perform” at CIBC
Interfor Corp (TSE:IFP) was downgraded by research analysts at CIBC from a “sector outperform” rating to a “sector perform” rating in a report issued on Wednesday.
Other equities analysts have also recently issued reports about the company. Raymond James Financial Inc. lowered their price objective on Interfor Corp from C$16.50 to C$15.75 in a research report on Thursday, July 7th. Dundee Securities raised Interfor Corp from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 28th. TD Securities upped their price objective on Interfor Corp from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$16.50 price objective on shares of Interfor Corp in a research report on Friday, July 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$16.46.
Shares of Interfor Corp (TSE:IFP) opened at 15.04 on Wednesday. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99. The company has a market capitalization of $1.05 billion and a P/E ratio of 73.37. The company has a 50-day moving average price of $14.94 and a 200 day moving average price of $13.28.
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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