Interfor Corp (IFP) Lifted to Buy at Dundee Securities

Dundee Securities upgraded shares of Interfor Corp (TSE:IFP) from a neutral rating to a buy rating in a research report released on Wednesday.

Other research analysts have also recently issued research reports about the company. TD Securities increased their price objective on Interfor Corp from C$16.00 to C$18.00 and gave the stock a buy rating in a research report on Tuesday, August 2nd. Raymond James Financial Inc. cut their price objective on Interfor Corp from C$16.50 to C$15.75 in a research report on Thursday, July 7th. Finally, Scotiabank reiterated an outperform rating and issued a C$16.50 price objective on shares of Interfor Corp in a research report on Friday, July 29th. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of C$16.46.

Shares of Interfor Corp (TSE:IFP) opened at 14.88 on Wednesday. The company has a 50-day moving average of $14.98 and a 200 day moving average of $13.19. The stock has a market capitalization of $1.04 billion and a price-to-earnings ratio of 72.59. Interfor Corp has a one year low of $8.67 and a one year high of $15.99.

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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