Raymond James Financial Upgrades Interfor (TSE:IFP) to Strong-Buy

Interfor (TSE:IFP) was upgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, BayStreet reports. The brokerage currently has a C$21.00 price target on the stock, up from their previous price target of C$17.00. Raymond James Financial’s price target points to a potential upside of 41.99% from the stock’s current price.

Separately, TD boosted their target price on Interfor from C$14.00 to C$16.00 and gave the company a “hold” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$14.17.

Interfor Trading Down 1.2%

TSE:IFP traded down C$0.18 during trading hours on Tuesday, reaching C$14.79. The company’s stock had a trading volume of 280,676 shares, compared to its average volume of 291,059. The firm has a market capitalization of C$972.69 million, a price-to-earnings ratio of -2.19 and a beta of 1.75. The firm has a 50-day simple moving average of C$13.60 and a 200-day simple moving average of C$11.42. Interfor has a 1 year low of C$7.05 and a 1 year high of C$15.74. The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96.

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.