Interfor Corp (IFP) Price Target Raised to C$29.00

Interfor Corp (TSE:IFP) had its price objective upped by analysts at Raymond James Financial, Inc. from C$28.00 to C$29.00 in a research report issued on Friday. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 35.96% from the stock’s previous close.

Other analysts have also issued reports about the stock. CIBC raised their price target on shares of Interfor Corp from C$23.00 to C$25.00 in a research report on Thursday, October 19th. TD Securities lifted their price target on shares of Interfor Corp from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets downgraded shares of Interfor Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. Scotiabank boosted their target price on shares of Interfor Corp from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Interfor Corp from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$23.57.

Interfor Corp (TSE:IFP) traded up C$0.32 during trading hours on Friday, reaching C$21.33. 595,584 shares of the company were exchanged.

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Interfor Corp Company Profile

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.

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