Interfor (TSE:IFP) Price Target Raised to C$13.00

Interfor (TSE:IFP) had its target price boosted by TD Securities from C$11.00 to C$13.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also recently issued reports on IFP. Raymond James Financial raised Interfor from a “moderate buy” rating to a “strong-buy” rating and lifted their price target for the company from C$12.00 to C$14.00 in a report on Wednesday, January 14th. Royal Bank Of Canada lowered their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Scotiabank raised shares of Interfor from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$13.00 to C$14.00 in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce lowered shares of Interfor from a “hold” rating to a “strong sell” rating and reduced their target price for the stock from C$9.00 to C$8.00 in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$12.40.

Interfor Stock Performance

TSE IFP opened at C$10.67 on Tuesday. Interfor has a 1-year low of C$7.05 and a 1-year high of C$17.53. The company has a 50 day moving average of C$9.75 and a 200-day moving average of C$10.02. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The firm has a market cap of C$701.73 million, a price-to-earnings ratio of -1.70 and a beta of 2.35.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.