Interfor Corp (IFP) Given Average Rating of “Buy” by Brokerages

Interfor Corp (TSE:IFP) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$28.20.

A number of equities research analysts have issued reports on the company. Scotiabank increased their price target on Interfor from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. CIBC increased their price target on Interfor from C$28.00 to C$32.00 in a research report on Monday, March 19th. Raymond James Financial increased their price target on Interfor from C$29.00 to C$31.00 in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada increased their price target on Interfor from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Monday, February 12th.

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IFP stock opened at C$23.49 on Friday. Interfor has a 1 year low of C$16.67 and a 1 year high of C$26.50.

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

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Interfor Company Profile

Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs.

Analyst Recommendations for Interfor (TSE:IFP)

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