What’s Propelling Interfor Corp to Increase So Much?

 What's Propelling Interfor Corp to Increase So Much?

The stock of Interfor Corp (TSE:IFP) is a huge mover today! About 85,317 shares traded hands. Interfor Corp (TSE:IFP) has risen 8.74% since April 11, 2016 and is uptrending. It has outperformed by 4.82% the S&P500.
The move comes after 9 months positive chart setup for the $1.02 billion company. It was reported on Nov, 15 by Barchart.com. We have $21.58 PT which if reached, will make TSE:IFP worth $499.80M 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. Interfor has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital with “Outperform” on Friday, November 4. On Tuesday, August 4 the stock rating was maintained by TD Securities with “Action List Buy”. The company was maintained on Friday, July 29 by Scotia Capital. The firm has “Outperform” rating by BMO Capital Markets given on Friday, January 22. RBC Capital Markets downgraded Interfor Corp (TSE:IFP) rating on Wednesday, October 21. RBC Capital Markets has “Outperform” rating and $17 price target. The stock of Interfor Corp (TSE:IFP) has “Strong Buy” rating given on Thursday, September 3 by Raymond James.

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 $1.02 billion. The Firm operates through solid wood segment. It has a 28.49 P/E ratio. The Firm offers lumber products to clients in North America, the Asia-Pacific region and Europe.

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