Interfor (TSE:IFP) Price Target Raised to C$16.00 at TD

Interfor (TSE:IFP) had its price target raised by stock analysts at TD from C$14.00 to C$16.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s target price suggests a potential upside of 7.24% from the company’s previous close.

A number of other research firms also recently issued reports on IFP. Raymond James Financial increased their price objective on shares of Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Royal Bank Of Canada reduced their price objective on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

Interfor Stock Up 5.7%

Shares of IFP stock traded up C$0.80 on Monday, hitting C$14.92. The stock had a trading volume of 271,367 shares, compared to its average volume of 298,575. Interfor has a one year low of C$7.05 and a one year high of C$15.09. The business has a 50 day moving average price of C$12.26 and a 200 day moving average price of C$10.78. The company has a market cap of C$981.24 million, a PE ratio of -2.28 and a beta of 1.63. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13.

Interfor (TSE:IFP) last issued its earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share (EPS) for the quarter. The business had revenue of C$643.20 million for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%. Research analysts anticipate that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.