Interfor Corp (IFP) PT Raised to C$24.00

Interfor Corp (TSE:IFP) had its target price raised by equities research analysts at Royal Bank Of Canada from C$23.00 to C$24.00 in a report released on Monday, November 6th. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 10.19% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. TD Securities increased their price objective on shares of Interfor from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets downgraded shares of Interfor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. Scotiabank increased their price objective on shares of Interfor from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. CIBC increased their price objective on shares of Interfor from C$23.00 to C$25.00 in a research note on Thursday, October 19th. Finally, Raymond James Financial, Inc. increased their price objective on shares of Interfor from C$28.00 to C$29.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Interfor presently has a consensus rating of “Buy” and a consensus price target of C$23.86.

Interfor (TSE:IFP) traded up C$0.09 during mid-day trading on Monday, hitting C$21.78. 80,300 shares of the company traded hands, compared to its average volume of 220,468. Interfor has a fifty-two week low of C$13.49 and a fifty-two week high of C$22.43.

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About Interfor

Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs.

Analyst Recommendations for Interfor (TSE:IFP)

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