Interfor (IFP) Shares Down 2.2%

Interfor Corp (TSE:IFP) fell 2.2% during trading on Wednesday . The company traded as low as C$20.86 and last traded at C$20.86. 80,431 shares traded hands during trading, a decline of 63% from the average session volume of 220,059 shares. The stock had previously closed at C$21.33.

A number of research firms recently commented on IFP. Scotiabank upped their price target on shares of Interfor from C$21.00 to C$23.00 and gave the company an “outperform” rating in a report on Monday, August 21st. Royal Bank Of Canada upped their price target on shares of Interfor from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Monday, November 6th. TD Securities upped their price target on shares of Interfor from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Monday, November 6th. CIBC upped their price objective on shares of Interfor from C$23.00 to C$25.00 in a report on Thursday, October 19th. Finally, BMO Capital Markets lowered shares of Interfor from an “outperform” rating to a “market perform” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$23.86.

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Interfor 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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