Interfor Corp (IFP) Price Target Raised to C$19.00

Interfor Corp (TSE:IFP) had its price target lifted by National Bank Financial from C$17.00 to C$19.00 in a research note published on Monday morning. The brokerage currently has a sector perform rating on the stock.

Several other equities research analysts have also recently commented on the company. RBC Capital Markets increased their price objective on Interfor Corp from C$18.00 to C$20.00 in a research report on Monday. TD Securities raised their target price on Interfor Corp from C$18.00 to C$19.00 and gave the stock a hold rating in a research report on Monday. Raymond James Financial, Inc. raised their target price on Interfor Corp from C$20.00 to C$21.00 and gave the stock a strong-buy rating in a research report on Friday. Scotiabank raised their target price on Interfor Corp from C$18.75 to C$20.00 and gave the stock an outperform rating in a research report on Friday. Finally, Royal Bank Of Canada reissued an outperform rating on shares of Interfor Corp in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Interfor Corp currently has an average rating of Buy and an average target price of C$18.63.

Shares of Interfor Corp (TSE:IFP) traded up 1.23% during trading on Monday, hitting $17.32. 256,165 shares of the stock traded hands. Interfor Corp has a 1-year low of $9.51 and a 1-year high of $17.45. The stock has a market cap of $1.21 billion and a price-to-earnings ratio of 34.09. The stock has a 50 day moving average price of $14.71 and a 200-day moving average price of $14.84.

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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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