Interfor (TSE:IFP – Get Free Report) had its price objective reduced by equities researchers at CIBC from C$23.00 to C$22.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 24.01% from the company’s current price.
Other analysts have also recently issued research reports about the company. TD Securities lowered their price target on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada dropped their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$24.67.
Check Out Our Latest Report on IFP
Interfor Trading Up 2.7 %
Insider Transactions at Interfor
In other Interfor news, Director Ian Fillinger purchased 5,490 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of C$18.48 per share, for a total transaction of C$101,433.24. Company insiders own 0.94% of the company’s stock.
Interfor Company Profile
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.
Featured Articles
- Five stocks we like better than Interfor
- Overbought Stocks Explained: Should You Trade Them?
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- Investing in Construction Stocks
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- Stock Market Sectors: What Are They and How Many Are There?
- Micron Technology: Riding the AI Wave to Long-Term Growth
Receive News & Ratings for Interfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interfor and related companies with MarketBeat.com's FREE daily email newsletter.