CIBC Increases Interfor (TSE:IFP) Price Target to C$17.00

Interfor (TSE:IFP) had its price objective boosted by CIBC from C$15.00 to C$17.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada lifted their target price on Interfor from C$18.00 to C$19.00 and gave the company an outperform rating in a report on Monday, November 11th. Raymond James reiterated a strong-buy rating and issued a C$19.00 target price on shares of Interfor in a report on Friday, November 8th. Finally, TD Securities lifted their target price on Interfor from C$17.50 to C$18.00 and gave the company a buy rating in a report on Monday, November 11th.

IFP opened at C$15.59 on Tuesday. The firm has a market cap of $1.01 billion and a P/E ratio of -95.06. The business has a fifty day simple moving average of C$14.51 and a 200-day simple moving average of C$13.43. Interfor has a 52 week low of C$10.91 and a 52 week high of C$18.42. The company has a quick ratio of 1.12, a current ratio of 2.62 and a debt-to-equity ratio of 33.41.

About Interfor

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

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