Analysts Set Interfor Co. (TSE:IFP) PT at C$23.67

Interfor Co. (TSE:IFP) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$23.67.

Several equities research analysts recently issued reports on the stock. Raymond James dropped their price target 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. Scotiabank lowered Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. CIBC reduced their price target on Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Finally, Royal Bank of Canada dropped their price objective 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.

Insider Activity

In related news, Director Ian Fillinger acquired 3,400 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. Company insiders own 0.94% of the company’s stock.

Interfor Stock Up 1.1 %

Shares of TSE IFP opened at C$14.95 on Thursday. The stock has a fifty day moving average price of C$16.27 and a 200 day moving average price of C$17.99. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. Interfor has a 12-month low of C$14.25 and a 12-month high of C$21.44. The company has a market cap of C$774.20 million, a P/E ratio of -1.83 and a beta of 2.54.

Interfor Company Profile

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.