Interfor Co. (TSE:IFP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Interfor Co. (TSE:IFP) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$21.33.

A number of analysts recently commented on IFP shares. Royal Bank of Canada dropped their price target on Interfor from C$26.00 to C$21.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. TD Securities reduced their target price on shares of Interfor from C$20.00 to C$16.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. CIBC lowered their target price on shares of Interfor from C$20.00 to C$17.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Raymond James lowered their price target on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Finally, Scotiabank lowered shares of Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd.

Interfor Trading Up 0.9 %

Shares of IFP opened at C$13.71 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The stock has a market capitalization of C$709.98 million, a P/E ratio of -1.68 and a beta of 2.54. Interfor has a twelve month low of C$13.15 and a twelve month high of C$21.44. The firm has a fifty day simple moving average of C$15.03 and a two-hundred day simple moving average of C$17.21.

Insider Buying and Selling

In related news, Director Ian Fillinger bought 3,400 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is currently owned by corporate insiders.

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.