Interfor Corp (TSE:IFP) – Analysts at National Bank Financial decreased their FY2018 earnings per share estimates for Interfor Corp in a research report issued on Tuesday. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $1.30 for the year, down from their prior forecast of $1.47.
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A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada boosted their price target on Interfor Corp from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. TD Securities boosted their price target on Interfor Corp from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. CIBC upgraded Interfor Corp from a “neutral” rating to an “outperform” rating in a report on Monday, June 5th. Scotiabank boosted their price target on Interfor Corp from C$20.00 to C$22.50 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Raymond James Financial, Inc. boosted their price target on Interfor Corp from C$24.00 to C$26.00 and gave the company a “strong-buy” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$22.50.
Shares of Interfor Corp (TSE:IFP) opened at 19.26 on Friday. The company has a market cap of $1.35 billion and a price-to-earnings ratio of 15.71. The company’s 50 day moving average price is $18.96 and its 200 day moving average price is $18.05. Interfor Corp has a 12 month low of $13.49 and a 12 month high of $20.40.
About Interfor Corp
Interfor Corporation is a Canada-based lumber provider. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. The Company operates through solid wood segment. The Company offers a range of products, including Clear Cedar Finger Joint Bevel Siding, Clear Cedar Solid Bevel Siding, Clear Cedar V-Joint Paneling, Dimension Lumber, Elite Cedar 5/4 Radius Edge Decking, Elite Cedar V-Joint Paneling, Elite Knotty Cedar Decking, Fineline Paneling, Japan Zairai-Beams, Japan Zairai-Ground Sill, Japan Zairai-Posts, Japan Zairai-Roof Structure, Japan Zairai-Small Structural, Reserve Boards, Reserve End-Matched Paneling, Reserve Lodgepole Pine Paneling, Reserve V-Joint Decking, Special Appearance Grade Cedar Timbers, Reserve Ponderosa Pine Paneling and Studs.
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