The stock of Interfor Corp (TSE:IFP) is a huge mover today! About 86,700 shares traded hands. Interfor Corp (TSE:IFP) has risen 2.25% since April 1, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.
The move comes after 6 months negative chart setup for the $990.22 million company. It was reported on Nov, 7 by Barchart.com. We have $13.48 PT which if reached, will make TSE:IFP worth $69.32M less.
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 $16.85 average target is 16.29% above today’s ($14.49) stock price. Interfor has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded the stock to “Outperform” rating in Wednesday, October 21 report. The rating was upgraded by BMO Capital Markets to “Outperform” on Friday, January 22. The firm has “Outperform” rating by Scotia Capital given on Friday, July 29. The rating was maintained by Raymond James on Thursday, September 3 with “Strong Buy”. The stock has “Action List Buy” rating given by TD Securities on Tuesday, August 4. Scotia Capital maintained Interfor Corp (TSE:IFP) on Friday, November 4 with “Outperform” rating.
More news for Interfor Corp (TSE:IFP) were recently published by: Theglobeandmail.com, which released: “Bullish on Interfor Corp.” on October 14, 2016. Business.Financialpost.com‘s article titled: “Interfor enjoys benefits of letting market digest news” and published on January 08, 2015 is yet another important article.
Interfor Corporation, formerly International Forest Products Limited, is a Canada supplier of lumber products. The company has a market cap of $990.22 million. The Firm operates through solid wood segment. It has a 70.66 P/E ratio. The Firm offers lumber products to clients in North America, the Asia-Pacific region and Europe.
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