Analysts Set Interfor Co. (TSE:IFP) Price Target at C$24.50

Shares of Interfor Co. (TSE:IFP) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$24.50.

IFP has been the subject of a number of recent research reports. TD Securities lowered their price objective on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. CIBC upped their price objective on shares of Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. Finally, Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd.

Insider Activity

In other Interfor news, Director Ian Fillinger purchased 5,490 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by corporate insiders.

Interfor Trading Down 3.0 %

Shares of IFP opened at C$16.70 on Tuesday. Interfor has a 1-year low of C$15.35 and a 1-year high of C$26.00. The firm’s 50 day simple moving average is C$19.58 and its 200 day simple moving average is C$18.20. The company has a market capitalization of C$859.22 million, a P/E ratio of -2.39 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

About Interfor

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.