Interfor Co. (TSE:IFP) Given Consensus Rating of "Hold" by Analysts

Shares of Interfor Co. (TSE:IFP - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$20.00.

A number of research firms have commented on IFP. Royal Bank of Canada lowered their price objective on Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Raymond James cut their target price on Interfor from C$26.00 to C$22.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. CIBC dropped their price objective on Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank dropped their price objective on Interfor from C$22.50 to C$20.00 in a research note on Monday. Finally, TD Securities dropped their price target on Interfor from C$20.00 to C$16.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th.

Insiders Place Their Bets

In other Interfor news, Director Ian Fillinger bought 3,400 shares of Interfor stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of C$14.95 per share, with a total value of C$50,820.14. Corporate insiders own 0.94% of the company's stock.

Interfor Stock Performance

TSE:IFP opened at C$13.53 on Friday. The stock has a 50 day simple moving average of C$14.31 and a 200 day simple moving average of C$16.61. Interfor has a 1-year low of C$12.84 and a 1-year high of C$21.44. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a market cap of C$700.66 million, a P/E ratio of -1.65 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.

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