Interfor Corp (TSE:IFP)’s share price dropped 2.2% on Wednesday . The company traded as low as C$20.86 and last traded at C$20.86. Approximately 80,431 shares were traded during trading, a decline of 63% from the average daily volume of 220,059 shares. The stock had previously closed at C$21.33.

IFP has been the subject of a number of research reports. TD Securities upped their target price on shares of Interfor from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada upped their target price on shares of Interfor from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. BMO Capital Markets lowered shares of Interfor from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. Scotiabank upped their price target on shares of Interfor from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. Finally, CIBC upped their price target on shares of Interfor from C$23.00 to C$25.00 in a research note on Thursday, October 19th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$23.86.

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About Interfor

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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