Royal Bank Of Canada Raises Interfor Corp (IFP) Price Target to C$24.00

Interfor Corp (TSE:IFP) had its target price hoisted by analysts at Royal Bank Of Canada from C$23.00 to C$24.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.37% from the stock’s previous close.

IFP has been the subject of a number of other reports. CIBC upped their price target on Interfor Corp from C$23.00 to C$25.00 in a report on Thursday, October 19th. Scotiabank upped their price target on Interfor Corp from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Monday, August 21st. TD Securities upped their price target on Interfor Corp from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Raymond James Financial, Inc. upped their price target on Interfor Corp from C$28.00 to C$29.00 and gave the stock a “strong-buy” rating in a report on Friday. Finally, BMO Capital Markets lowered Interfor Corp from an “outperform” rating to a “market perform” rating in a report on Monday, August 14th. Two equities research 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. The stock presently has an average rating of “Buy” and an average price target of C$23.86.

Shares of Interfor Corp (TSE:IFP) traded up C$0.22 during mid-day trading on Monday, hitting C$21.55. The stock had a trading volume of 308,815 shares, compared to its average volume of 284,964. Interfor Corp has a one year low of C$13.49 and a one year high of C$22.20.

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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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