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.
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.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://weekherald.com/2018/04/17/raymond-james-financial-raises-interfor-ifp-price-target-to-c34-50.html.
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.
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.