CIBC Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its target price decreased by CIBC from C$20.00 to C$17.00 in a research note released on Tuesday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Raymond James decreased their price objective on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. TD Securities reduced their price objective on shares of Interfor from C$20.00 to C$16.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Scotiabank cut Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.33.

Interfor Trading Down 0.7 %

TSE:IFP opened at C$13.59 on Tuesday. Interfor has a 52 week low of C$13.15 and a 52 week high of C$21.44. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. The firm’s fifty day moving average is C$15.11 and its 200-day moving average is C$17.29. The firm has a market cap of C$703.77 million, a P/E ratio of -1.66 and a beta of 2.54.

Insider Activity at Interfor

In other news, Director Ian Fillinger bought 3,400 shares of the stock in a transaction dated 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. 0.94% of the stock is owned by company insiders.

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.