Interfor (IFP) Price Target Raised to C$21.00

Interfor (TSE:IFP) had its price objective lifted by stock analysts at Royal Bank of Canada from C$20.00 to C$21.00 in a research note issued on Monday. Royal Bank of Canada’s target price would suggest a potential upside of 24.33% from the stock’s previous close.

Other analysts have also recently issued reports about the company. CIBC dropped their price target on Interfor from C$21.00 to C$20.00 in a report on Monday, January 14th. BMO Capital Markets dropped their price target on Interfor from C$24.00 to C$18.00 in a report on Friday, October 19th. TD Securities dropped their price target on Interfor from C$27.00 to C$24.00 and set an “average” rating for the company in a report on Monday, November 12th. Finally, Raymond James reissued a “strong-buy” rating and set a C$24.00 price target on shares of Interfor in a report on Friday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$22.83.

TSE:IFP traded up C$0.22 during mid-day trading on Monday, hitting C$16.89. 158,020 shares of the stock were exchanged, compared to its average volume of 457,856. The stock has a market cap of $1.12 billion and a P/E ratio of 10.56. The company has a current ratio of 3.12, a quick ratio of 1.78 and a debt-to-equity ratio of 28.01. Interfor has a fifty-two week low of C$13.26 and a fifty-two week high of C$27.27.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, November 8th. The company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$570.50 million for the quarter. As a group, sell-side analysts forecast that Interfor will post 1.34000005466107 EPS for the current year.

In related news, insider Martin Leb Juravsky acquired 7,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of C$14.79 per share, for a total transaction of C$103,530.00.

About Interfor

Interfor Corporation, together with its subsidiaries, produces wood products. The company offers commodity structural lumber products; and specialty products, such as decking and siding products, machine stress rated products, industrial timber products, and various appearance grade items. It also provides wood chips and other residuals.

See Also: Consumer Price Index (CPI)

Analyst Recommendations for Interfor (TSE:IFP)

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