The Interfor Corp (IFP) Given Average Rating of “Buy” by Brokerages

The Interfor Corp (IFP) Given Average Rating of “Buy” by Brokerages

Interfor Corp (TSE:IFP) has received an average rating of “Buy” from the nine analysts that are currently covering the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$17.50.

A number of research analysts recently issued reports on IFP shares. CIBC downgraded Interfor Corp from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, October 12th. Royal Bank Of Canada boosted their price objective on Interfor Corp from C$17.00 to C$18.00 in a research note on Friday, January 6th. RBC Capital Markets upped their price target on Interfor Corp from C$17.00 to C$18.00 in a research note on Friday, January 6th. TD Securities downgraded Interfor Corp from a “buy” rating to a “hold” rating and set a C$18.00 price target for the company. in a research note on Thursday, January 5th. Finally, Dundee Securities upgraded Interfor Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 28th.

Interfor Corp (TSE:IFP) opened at 14.74 on Thursday. Interfor Corp has a 1-year low of $8.67 and a 1-year high of $15.99. The firm’s 50 day moving average is $14.85 and its 200 day moving average is $14.59. The stock has a market capitalization of $1.03 billion and a P/E ratio of 29.02.

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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