Interfor Corp (TSE:IFP) Receives Average Recommendation of “Buy” from Analysts

Interfor Corp (TSE:IFP) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the firm. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$16.71.

A number of equities research analysts have weighed in on IFP shares. Raymond James Financial Inc. decreased their price target on shares of Interfor Corp from C$16.50 to C$15.75 in a research note on Thursday, July 7th. Scotiabank reiterated an “outperform” rating and set a C$16.50 price target on shares of Interfor Corp in a research note on Friday, July 29th. TD Securities boosted their target price on shares of Interfor Corp from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Dundee Securities upgraded shares of Interfor Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 28th.

Interfor Corp (TSE:IFP) opened at 15.39 on Monday. The company has a market cap of $1.08 billion and a price-to-earnings ratio of 75.07. Interfor Corp has a 52-week low of $8.67 and a 52-week high of $15.99. The stock’s 50 day moving average is $14.92 and its 200 day moving average is $13.26.

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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