The stock of Interfor Corp (TSE:IFP) is a huge mover today! About 18,125 shares traded hands. Interfor Corp (TSE:IFP) has risen 31.27% since April 22, 2016 and is uptrending. It has outperformed by 25.25% the S&P500.
The move comes after 7 months negative chart setup for the $1.01 billion company. It was reported on Nov, 28 by Barchart.com. We have $13.67 PT which if reached, will make TSE:IFP worth $60.60 million 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 15.89% above today’s ($14.54) stock price. Interfor has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Interfor Corp (TSE:IFP) has “Outperform” rating given on Friday, July 29 by Scotia Capital. The company was maintained on Tuesday, August 4 by TD Securities. Scotia Capital maintained it with “Outperform” rating and $17.75 target price in Friday, November 4 report. The stock of Interfor Corp (TSE:IFP) has “Strong Buy” rating given on Thursday, September 3 by Raymond James. The rating was upgraded by BMO Capital Markets on Friday, January 22 to “Outperform”. RBC Capital Markets downgraded the stock to “Outperform” rating in Wednesday, October 21 report.
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 $1.01 billion. The Firm operates through solid wood segment. It has a 28.61 P/E ratio. The Firm offers lumber products to clients in North America, the Asia-Pacific region and Europe.
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