Interfor (TSE:IFP) Price Target Raised to C$23.00 at CIBC

Interfor (TSE:IFP) had its price objective upped by CIBC from C$22.00 to C$23.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research firms have also recently weighed in on IFP. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Cibc World Mkts cut shares of Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. TD Securities lowered their price objective on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, Scotiabank lowered their price objective on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Interfor has an average rating of “Moderate Buy” and an average price target of C$24.50.

Interfor Stock Performance

TSE:IFP opened at C$19.46 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$26.00. The stock has a market cap of C$1.00 billion, a PE ratio of -2.78 and a beta of 2.54. The firm’s fifty day simple moving average is C$19.22 and its 200-day simple moving average is C$17.99.

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.