Analysts Set Interfor Corp (IFP) PT at $24.67

Shares of Interfor Corp (TSE:IFP) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$24.67.

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Interfor from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. CIBC lifted their target price on shares of Interfor from C$23.00 to C$25.00 in a research note on Thursday, October 19th. TD Securities lifted their target price on shares of Interfor from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Scotiabank lifted their target price on shares of Interfor from C$23.50 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Raymond James Financial lifted their target price on shares of Interfor from C$28.00 to C$29.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd.

Shares of Interfor (TSE:IFP) traded up C$0.11 during trading on Monday, reaching C$22.81. 197,106 shares of the company’s stock were exchanged, compared to its average volume of 227,376. The company has a market cap of $1,590.00, a price-to-earnings ratio of 18.25 and a beta of 2.44. Interfor has a 1-year low of C$13.49 and a 1-year high of C$23.36.

Interfor (TSE:IFP) last announced its earnings results on Thursday, November 2nd. The company reported C$0.29 earnings per share for the quarter. Interfor had a net margin of 3.43% and a return on equity of 8.24%.

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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.

Analyst Recommendations for Interfor (TSE:IFP)

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