CIBC Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price objective cut by stock analysts at CIBC from C$22.00 to C$20.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 11.67% from the company’s current price.

A number of other equities analysts have also commented on the stock. TD Securities cut their price objective on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Royal Bank of Canada cut their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Raymond James cut their target price on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$23.67.

Interfor Stock Up 6.7 %

IFP stock traded up C$1.13 during trading on Tuesday, reaching C$17.91. The stock had a trading volume of 196,853 shares, compared to its average volume of 162,063. Interfor has a 1-year low of C$15.22 and a 1-year high of C$22.38. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The company has a market capitalization of C$927.48 million, a P/E ratio of -2.19 and a beta of 2.54. The firm has a fifty day moving average price of C$17.11 and a 200 day moving average price of C$18.23.

Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger acquired 3,150 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of C$16.29 per share, with a total value of C$51,304.05. Insiders own 0.94% of the company’s stock.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.