Interfor (TSE:IFP) Upgraded to “Buy” at TD Securities

Interfor (TSE:IFPGet Free Report) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a C$25.00 target price on the stock, down from their prior target price of C$27.00. TD Securities’ price objective indicates a potential upside of 26.90% from the stock’s previous close.

IFP has been the topic of a number of other reports. Royal Bank of Canada lowered their price objective on Interfor from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Scotiabank set a C$29.00 target price on Interfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. Raymond James reduced their price target on Interfor from C$32.00 to C$30.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 6th. Finally, CIBC raised their target price on Interfor from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$27.80.

View Our Latest Research Report on Interfor

Interfor Trading Down 0.4 %

Shares of IFP stock traded down C$0.08 during trading hours on Monday, hitting C$19.70. 98,265 shares of the company were exchanged, compared to its average volume of 153,573. The company has a 50 day simple moving average of C$22.02 and a two-hundred day simple moving average of C$21.16. Interfor has a fifty-two week low of C$16.78 and a fifty-two week high of C$26.87. The company has a debt-to-equity ratio of 54.21, a quick ratio of 1.15 and a current ratio of 2.00. The firm has a market cap of C$1.01 billion, a P/E ratio of -3.81 and a beta of 2.59.

About Interfor

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Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.

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