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RBC Capital Keeps Their Buy Rating on Interfor (IFSPF)

RBC Capital analyst Paul Quinn maintained a Buy rating on Interfor (IFSPFResearch Report) today and set a price target of C$45.00. The company’s shares closed last Thursday at $24.27.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 24.2% and a 63.3% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Interfor with a $40.93 average price target.

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Based on Interfor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $676 million and net profit of $69.65 million. In comparison, last year the company earned revenue of $662 million and had a net profit of $149 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IFSPF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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