Interfor Co. (TSE:IFP) Receives C$23.67 Average PT from Analysts

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

IFP has been the topic of a number of research analyst reports. Raymond James reduced their target price on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reduced their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. CIBC dropped their price target on Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Finally, Scotiabank cut Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd.

Insider Transactions at Interfor

In other Interfor news, Director Ian Fillinger bought 3,150 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$16.29 per share, for a total transaction of C$51,304.05. Insiders own 0.94% of the company’s stock.

Interfor Trading Up 2.2 %

TSE:IFP opened at C$16.04 on Friday. 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 business’s 50 day moving average is C$16.85 and its two-hundred day moving average is C$18.15. Interfor has a 52 week low of C$15.01 and a 52 week high of C$22.38. The company has a market cap of C$830.65 million, a PE ratio of -1.96 and a beta of 2.54.

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.