Interfor (TSE:IFP) Upgraded at Raymond James Financial

Interfor (TSE:IFP – Get Free Report) was upgraded by stock analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a report issued on Tuesday, BayStreet reports. The firm presently has a C$21.00 target price on the stock, up from their prior target price of C$17.00. Raymond James Financial’s price objective would indicate a potential upside of 41.99% from the stock’s previous close.

Separately, TD increased their price target on shares of Interfor from C$14.00 to C$16.00 and gave the stock 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 assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$14.17.

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Interfor Trading Down 1.2%

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

Interfor Company Profile

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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.

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