Interfor (IFP) Price Target Increased to C$34.50 by Analysts at Raymond James Financial

Interfor (TSE:IFP) had its target price increased by equities researchers at Raymond James Financial from C$31.00 to C$34.50 in a research note issued to investors on Tuesday, April 10th. Raymond James Financial’s price objective suggests a potential upside of 35.88% from the stock’s current price.

A number of other analysts have also weighed in on the company. CIBC increased their price objective on Interfor from C$27.00 to C$28.00 in a research note on Monday, February 12th. Royal Bank of Canada increased their price objective on Interfor from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Finally, Scotiabank increased their price objective on Interfor from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$28.90.

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Shares of TSE:IFP traded up C$0.76 during trading on Tuesday, reaching C$25.39. 142,176 shares of the company traded hands, compared to its average volume of 302,421. Interfor has a 52-week low of C$17.01 and a 52-week high of C$26.50.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.64 earnings per share for the quarter. The firm had revenue of C$532.78 million during the quarter. Interfor had a return on equity of 17.37% and a net margin of 6.79%.

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About Interfor

Interfor Corporation, together with its subsidiaries, produces wood products. The company offers commodity structural lumber products; and specialty products, such as decking and siding products, machine stress rated products, industrial timber products, and various appearance grade items. It also provides wood chips and other residuals.

Analyst Recommendations for Interfor (TSE:IFP)

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