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

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

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

Interfor Price Performance

IFP opened at C$11.15 on Tuesday. The stock’s 50-day moving average price is C$9.65 and its 200 day moving average price is C$10.02. Interfor has a 12-month low of C$7.05 and a 12-month high of C$18.33. The firm has a market cap of C$733.30 million, a price-to-earnings ratio of -1.78 and a beta of 2.35. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24.

Interfor Company Profile

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.