Interfor (TSE:IFP) Price Target Lowered to C$12.00 at TD Securities

Interfor (TSE:IFP) had its price target trimmed by TD Securities from C$15.00 to C$12.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also commented on IFP. Raymond James Financial lowered Interfor from a “strong-buy” rating to a “moderate buy” rating and cut their price target for the stock from C$22.00 to C$19.00 in a report on Tuesday, July 22nd. CIBC cut their price target on Interfor from C$14.00 to C$12.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Royal Bank Of Canada lowered their price objective on Interfor from C$19.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Scotiabank lowered their price objective on Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$15.60.

Interfor Stock Up 0.8%

Shares of IFP stock opened at C$9.93 on Thursday. Interfor has a 12 month low of C$9.82 and a 12 month high of C$21.44. The firm has a market cap of C$510.94 million, a PE ratio of -2.85 and a beta of 2.65. The stock has a 50 day moving average of C$12.34 and a 200-day moving average of C$13.11. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Interfor Company Profile

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests.