TD Securities Lowers Interfor (TSE:IFP) Price Target to C$16.00

Interfor (TSE:IFP) had its target price cut by TD Securities from C$20.00 to C$16.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages also recently issued reports on IFP. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Royal Bank of Canada reduced their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Raymond James cut their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Finally, CIBC dropped their price target on shares of Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and an average target price of C$22.67.

Interfor Trading Down 1.4 %

TSE IFP opened at C$13.64 on Thursday. The firm has a market capitalization of C$706.36 million, a PE ratio of -1.67 and a beta of 2.54. Interfor has a one year low of C$13.15 and a one year high of C$21.44. The company has a 50-day simple moving average of C$15.36 and a 200-day simple moving average of C$17.51. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.

Insider Buying and Selling at Interfor

In other Interfor news, Director Ian Fillinger acquired 3,400 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average price of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is currently owned by corporate insiders.

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.