Interfor Co. (TSE:IFP) Receives C$20.00 Average Price Target from Analysts

Shares of Interfor Co. (TSE:IFP) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$20.00.

A number of research firms have recently commented on IFP. CIBC cut their price target on shares of Interfor from C$20.00 to C$17.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their target price on shares of Interfor from C$26.00 to C$21.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. TD Securities dropped 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 report on Thursday, April 17th. Raymond James dropped their target price on shares of Interfor from C$26.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 30th. Finally, Scotiabank dropped their target price on shares of Interfor from C$22.50 to C$20.00 in a report on Monday, May 12th.

Interfor Trading Down 1.5%

TSE IFP opened at C$13.10 on Tuesday. The company’s 50-day moving average price is C$13.41 and its 200-day moving average price is C$15.61. 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 stock has a market cap of C$678.39 million, a PE ratio of -1.60 and a beta of 2.54. Interfor has a 12 month low of C$12.17 and a 12 month high of C$21.44.

Insider Activity

In related news, Director Ian Fillinger acquired 3,400 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of C$14.95 per share, with a total value of C$50,820.14. Company 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.