Interfor (OTCMKTS:IFSPF) Shares Up 0.6% – Should You Buy?

Shares of Interfor Co. (OTCMKTS:IFSPF) shot up 0.6% during trading on Thursday . The stock traded as high as $7.6980 and last traded at $7.6980. 6,818 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 31,011 shares. The stock had previously closed at $7.65.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IFSPF shares. Scotiabank raised Interfor from a “sector perform” rating to an “outperform” rating in a research report on Monday. Raymond James Financial raised Interfor from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, CIBC cut Interfor from a “neutral” rating to an “underperform” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Interfor Price Performance

The business has a 50-day simple moving average of $6.49 and a 200-day simple moving average of $7.37.

About Interfor

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.