Interfor Co. (TSE:IFP) Receives C$23.67 Consensus Target Price from Brokerages

Shares of Interfor Co. (TSE:IFP) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$23.67.

A number of equities analysts recently commented on the company. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. CIBC lowered their price target on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price objective on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, Raymond James reduced 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.

Interfor Price Performance

Interfor stock opened at C$14.79 on Thursday. The company has a fifty day simple moving average of C$16.34 and a 200-day simple moving average of C$18.01. 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 firm has a market capitalization of C$765.91 million, a price-to-earnings ratio of -1.81 and a beta of 2.54. Interfor has a 52-week low of C$14.58 and a 52-week high of C$21.44.

Insider Activity

In other Interfor news, Director Ian Fillinger purchased 3,400 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average price of C$14.95 per share, with a total value of C$50,820.14. Insiders own 0.94% of the company’s stock.

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.