TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Interfor ( (TSE:IFP) ) has provided an update.
Interfor Corporation has successfully closed a $144 million bought deal offering of common shares, including the full exercise of the over-allotment option. The proceeds from this offering will be used to pay down existing debt and for general corporate purposes, potentially strengthening the company’s financial position and operational flexibility.
The most recent analyst rating on (TSE:IFP) stock is a Hold with a C$12.00 price target. To see the full list of analyst forecasts on Interfor stock, see the TSE:IFP Stock Forecast page.
Spark’s Take on TSE:IFP Stock
According to Spark, TipRanks’ AI Analyst, TSE:IFP is a Neutral.
Interfor’s overall stock score is driven by its challenging financial performance and valuation concerns, offset by positive cash flow trends and strategic positioning highlighted in the earnings call. Technical analysis provides a neutral outlook, with no strong momentum signals.
To see Spark’s full report on TSE:IFP stock, click here.
More about Interfor
Interfor is a growth-oriented forest products company with operations in Canada and the United States. The company has an annual lumber production capacity of approximately 4.7 billion board feet and offers a diverse line of lumber products to customers worldwide.
Average Trading Volume: 270,565
Technical Sentiment Signal: Sell
Current Market Cap: C$525.9M
For a thorough assessment of IFP stock, go to TipRanks’ Stock Analysis page.