Interfor (TSE:IFP)‘s stock had its “outperform” rating restated by research analysts at Raymond James in a report issued on Friday, BayStreet.CA reports. They presently have a C$19.00 price objective on the stock. Raymond James’ target price would suggest a potential upside of 73.36% from the company’s previous close.
Several other analysts also recently weighed in on the stock. CIBC lifted their target price on shares of Interfor from C$16.00 to C$18.00 in a report on Tuesday, June 18th. TD Securities downgraded shares of Interfor from an “action list buy” rating to a “buy” rating and lowered their target price for the company from C$21.00 to C$20.00 in a report on Monday, May 6th. Finally, Royal Bank of Canada lowered their target price on shares of Interfor from C$21.00 to C$18.00 in a report on Tuesday, July 9th. Five equities research analysts have rated the stock with a buy rating, Interfor has a consensus rating of “Buy” and an average target price of C$18.60.
Shares of TSE:IFP opened at C$10.96 on Friday. The stock has a market capitalization of $737.07 million and a P/E ratio of 11.98. The company has a 50-day moving average price of C$12.79. The company has a current ratio of 3.05, a quick ratio of 1.35 and a debt-to-equity ratio of 33.37. Interfor has a fifty-two week low of C$10.91 and a fifty-two week high of C$24.10.
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.
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