Interfor (TSE:IFP – Get Free Report) had its target price cut by BMO Capital Markets from C$29.00 to C$27.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 50.59% from the stock’s current price.
A number of other research analysts have also recently commented on the company. CIBC cut their target price on Interfor from C$25.00 to C$24.00 in a research note on Thursday, April 11th. Scotiabank set a C$29.00 target price on Interfor and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. TD Securities raised shares of Interfor from a “hold” rating to a “buy” rating and lowered their target price for the company from C$27.00 to C$25.00 in a research note on Monday, February 12th. Finally, Raymond James cut shares of Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Interfor currently has an average rating of “Moderate Buy” and an average target price of C$27.50.
Get Our Latest Research Report on Interfor
Interfor Trading Up 0.2 %
Interfor (TSE:IFP – Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). The firm had revenue of C$785.90 million for the quarter. Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. Research analysts forecast that Interfor will post 2.8616667 EPS for the current fiscal year.
Interfor Company Profile
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.
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