Interfor (TSE:IFP) Price Target Cut to C$22.00 by Analysts at CIBC

Interfor (TSE:IFPGet Free Report) had its price target cut by equities researchers at CIBC from C$24.00 to C$22.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 23.80% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Raymond James cut shares of Interfor from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 3rd. Scotiabank dropped their price target on shares of Interfor from C$29.00 to C$26.00 and set an “outperform” rating for the company in a research report on Monday. TD Securities raised Interfor from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$27.00 to C$25.00 in a research report on Monday, February 12th. BMO Capital Markets lowered their price objective on Interfor from C$29.00 to C$27.00 in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada reduced their target price on Interfor from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Monday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Interfor has an average rating of “Buy” and an average target price of C$26.17.

View Our Latest Report on Interfor

Interfor Stock Performance

Shares of IFP traded down C$0.32 during mid-day trading on Monday, reaching C$17.77. The company’s stock had a trading volume of 80,976 shares, compared to its average volume of 168,275. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21. The business has a 50-day simple moving average of C$19.37 and a two-hundred day simple moving average of C$20.53. Interfor has a 1-year low of C$16.78 and a 1-year high of C$26.31. The stock has a market cap of C$914.27 million, a P/E ratio of -3.42 and a beta of 2.61.

Interfor (TSE:IFPGet Free Report) last announced its earnings results on Thursday, February 8th. The company reported C($3.29) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). The firm had revenue of C$785.90 million for the quarter. Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. As a group, equities research analysts anticipate that Interfor will post 2.8616667 earnings per share for the current fiscal year.

About Interfor

(Get Free Report)

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.

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Analyst Recommendations for Interfor (TSE:IFP)

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