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Interfor ( (TSE:IFP) ) just unveiled an update.
Interfor Corporation has announced a $125 million bought deal offering of common shares, led by RBC Capital Markets and Scotiabank. The proceeds from this offering are intended to reduce existing debt and support general corporate purposes, providing the company with increased flexibility amidst current market challenges, including a significant decline in lumber prices and increased U.S. softwood lumber duties.
The most recent analyst rating on (TSE:IFP) stock is a Hold with a C$13.00 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 Corporation operates in the forestry industry, focusing on the production and sale of lumber products. The company is a significant player in the lumber market, with operations that are influenced by market conditions and regulatory changes, particularly in North America.
Average Trading Volume: 234,312
Technical Sentiment Signal: Sell
Current Market Cap: C$576.3M
Learn more about IFP stock on TipRanks’ Stock Analysis page.