CIBC Raises Interfor (IFP) Price Target to C$27.00

Interfor (TSE:IFP) had its price target boosted by equities research analysts at CIBC from C$25.00 to C$27.00 in a research report issued on Friday. CIBC’s price objective would suggest a potential upside of 17.65% from the company’s current price.

Several other brokerages also recently weighed in on IFP. Royal Bank of Canada boosted their price objective on Interfor from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. TD Securities boosted their price objective on Interfor from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Scotiabank boosted their price objective on Interfor from C$23.50 to C$24.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Raymond James Financial boosted their price objective on Interfor from C$28.00 to C$29.00 and gave the company a “strong-buy” rating in a research report on Friday, November 3rd. Two research 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 an average target price of C$24.14.

Shares of Interfor (TSE:IFP) opened at C$22.95 on Friday. Interfor has a 12-month low of C$13.49 and a 12-month high of C$23.36. The firm has a market capitalization of $1,610.00, a P/E ratio of 18.36 and a beta of 2.44.

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About Interfor

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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