Interfor (IFP) Reaches New 12-Month High at $24.55

Interfor Corp (TSE:IFP)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$24.55 and last traded at C$24.55, with a volume of 514217 shares. The stock had previously closed at C$23.50.

Several equities analysts have weighed in on the company. Raymond James Financial raised their price target on Interfor from C$29.00 to C$31.00 in a research report on Tuesday, January 30th. Royal Bank of Canada raised their price target on Interfor from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Monday. CIBC raised their price target on Interfor from C$27.00 to C$28.00 in a research report on Monday. Scotiabank raised their price target on Interfor from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, TD Securities raised their price target on Interfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Interfor currently has an average rating of “Buy” and an average target price of C$26.33.

The firm has a market capitalization of $1,650.00, a PE ratio of 16.91 and a beta of 2.43.

Interfor (TSE:IFP) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.64 EPS for the quarter. The business had revenue of C$532.78 million during the quarter. Interfor had a return on equity of 8.24% and a net margin of 3.43%.

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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.

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