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Scotiabank Thinks Interfor’s Stock is Going to Recover


Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Scotiabank’s analyst Benoit Laprade reiterates their Buy rating on the shares of Interfor (TSX: IFP), with a C$28 price target.

Laprade has an average return of 28.3% when recommending Interfor.

According to TipRanks.com, Laprade is ranked #1338 out of 4877 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Interfor with a C$30.60 average price target.

Interfor’s market cap is currently C$1.2B and has a P/E ratio of 8. The company has a Price to Book ratio of 1.22.

Interfor Corp. engages in the manufacture of wood products. It harvests and purchases logs which are sorted by species, size, and quality. Its products include appearance timbers, decking, framing, furniture, industial packaging, paneling, windows, and doors. The company was founded on May 6, 1963 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$16.68, close to its 52-week low of C$16.64.