What’s Ahead for Interfor Corp After Today’s Huge Increase?


 What's Ahead for Interfor Corp After Today's Huge Increase?

The stock of Interfor Corp (TSE:IFP) is a huge mover today! About 24,887 shares traded hands. Interfor Corp (TSE:IFP) has risen 20.52% since March 10, 2016 and is uptrending. It has outperformed by 14.91% the S&P500.
The move comes after 6 months positive chart setup for the $1.05B company. It was reported on Oct, 17 by Barchart.com. We have $17.84 PT which if reached, will make TSE:IFP worth $220.50 million more.

Interfor Corp (TSE:IFP) Ratings Coverage

Out of 5 analysts covering Interfor (TSE:IFP), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $23 is the highest target while $16 is the lowest. The $16.60 average target is 12.62% above today’s ($14.74) stock price. Interfor has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, October 21 by RBC Capital Markets. The company was upgraded on Friday, January 22 by BMO Capital Markets. The firm has “Action List Buy” rating by TD Securities given on Tuesday, August 4. The rating was maintained by Raymond James with “Strong Buy” on Thursday, September 3. The stock has “Outperform” rating given by Scotia Capital on Friday, July 29.

Another recent and important Interfor Corp (TSE:IFP) news was published by Theglobeandmail.com which published an article titled: “Bullish on Interfor Corp.” on October 14, 2016.

Interfor Corporation, formerly International Forest Products Limited, is a Canada supplier of lumber products. The company has a market cap of $1.05 billion. The Firm operates through solid wood segment. It has a 71.88 P/E ratio. The Firm offers lumber products to clients in North America, the Asia-Pacific region and Europe.

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