Interfor (TSE:IFP) PT Raised to C$44.00 at Scotiabank

Interfor (TSE:IFP) had its target price lifted by analysts at Scotiabank from C$42.00 to C$44.00 in a research note issued on Wednesday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 29.91% from the stock’s previous close.

IFP has been the subject of several other reports. Royal Bank of Canada lowered their price target on shares of Interfor from C$47.00 to C$44.00 in a research note on Wednesday, October 20th. CIBC downgraded shares of Interfor from an “outperform” rating to a “hold” rating and set a C$36.00 price target for the company. in a research note on Thursday, October 21st. Raymond James reaffirmed a “strong-buy” rating and set a C$57.00 price objective on shares of Interfor in a research note on Friday, November 5th. Finally, TD Securities upped their price objective on shares of Interfor from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Wednesday.

Shares of TSE:IFP opened at C$33.87 on Wednesday. Interfor has a 52-week low of C$19.05 and a 52-week high of C$38.50. The firm has a fifty day moving average of C$30.44 and a 200 day moving average of C$29.56. The firm has a market capitalization of C$2.06 billion and a PE ratio of 2.46. The company has a debt-to-equity ratio of 26.42, a quick ratio of 2.14 and a current ratio of 2.83.

About Interfor

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors.

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