Interfor Co. (TSE:IFP) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Interfor Co. (TSE:IFP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$21.33.

A number of research firms recently issued reports on IFP. Royal Bank of Canada decreased 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. Raymond James lowered 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 report on Thursday, January 30th. Scotiabank cut shares of Interfor from an "outperform" rating to a "sector perform" rating in a research note on Monday, March 3rd. TD Securities lowered their target price on shares of 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, CIBC reduced their price target on shares of Interfor from C$20.00 to C$17.00 and set a "neutral" rating for the company in a research report on Tuesday.

Interfor Stock Performance

Shares of IFP stock traded up C$0.07 on Monday, hitting C$13.66. 17,629 shares of the stock were exchanged, compared to its average volume of 213,062. Interfor has a one year low of C$13.15 and a one year high of C$21.44. The firm's 50 day moving average is C$15.11 and its two-hundred day moving average is C$17.29. The firm has a market capitalization of C$707.40 million, a PE ratio of -1.67 and a beta of 2.54. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24.

Insiders Place Their Bets

In other news, Director Ian Fillinger bought 3,400 shares of the business's stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of C$14.95 per share, for a total transaction of C$50,820.14. 0.94% of the stock is currently owned by 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.