Interfor (TSE:IFP) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Interfor (TSE:IFP) from a moderate buy rating to a strong-buy rating in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has C$21.00 price objective on the stock, up from their previous price objective of C$17.00.

Separately, TD boosted their price target 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$14.17.

Interfor Stock Performance

Shares of Interfor stock opened at C$15.00 on Tuesday. The business has a 50-day moving average price of C$13.75 and a two-hundred day moving average price of C$11.52. Interfor has a 1-year low of C$7.05 and a 1-year high of C$15.74. The company has a current ratio of 1.96, a quick ratio of 1.15 and a debt-to-equity ratio of 71.48. The company has a market cap of C$986.50 million, a P/E ratio of -2.23 and a beta of 1.75.

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.