Brokerages Set Interfor Co. (TSE:IFP) Target Price at C$20.00

Interfor Co. (TSE:IFP - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$20.00.

Several equities research analysts recently issued reports on IFP shares. Raymond James dropped their price target on Interfor from C$26.00 to C$22.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. CIBC cut their target price on shares of Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective on Interfor from C$26.00 to C$21.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. TD Securities cut their target price 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. Finally, Scotiabank lowered their price target on shares of Interfor from C$22.50 to C$20.00 in a research report on Monday, May 12th.

Insider Activity

In related news, Director Ian Fillinger acquired 3,400 shares of the business's stock in a transaction dated Monday, March 17th. The stock was bought at an average price of C$14.95 per share, for a total transaction of C$50,820.14. Insiders own 0.94% of the company's stock.

Interfor Trading Down 1.5%

Shares of Interfor stock traded down C$0.20 during trading hours on Tuesday, hitting C$13.10. The company's stock had a trading volume of 157,076 shares, compared to its average volume of 204,946. 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 company has a market capitalization of C$678.39 million, a PE ratio of -1.60 and a beta of 2.54. The business has a fifty day moving average of C$13.42 and a 200 day moving average of C$15.70. Interfor has a 1-year low of C$12.17 and a 1-year high of C$21.44.

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.