Interfor (TSE:IFP) Downgraded by Raymond James Financial to Outperform

Interfor (TSE:IFP - Get Free Report) was downgraded by analysts at Raymond James Financial from a "strong-buy" rating to an "outperform" rating in a research note issued on Tuesday,BayStreet.CA reports. They presently have a C$19.00 price objective on the stock, down from their prior price objective of C$22.00. Raymond James Financial's price objective would suggest a potential upside of 47.40% from the company's current price.

A number of other research analysts have also recently commented on IFP. TD Securities decreased 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. CIBC dropped their target price on 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 dropped their price objective on Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Scotiabank reduced their price objective on shares of Interfor from C$22.50 to C$20.00 in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$19.50.

Interfor Trading Up 1.7%

IFP traded up C$0.21 during trading hours on Tuesday, reaching C$12.89. The company's stock had a trading volume of 133,153 shares, compared to its average volume of 196,410. Interfor has a fifty-two week low of C$12.17 and a fifty-two week high of C$21.44. The stock has a market cap of C$667.52 million, a PE ratio of -1.58 and a beta of 2.54. The business's 50-day moving average is C$12.99 and its 200-day moving average is C$14.66. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.