CIBC Lowers Interfor (TSE:IFP) Price Target to C$17.00

Interfor (TSE:IFP - Get Free Report) had its price objective reduced by investment analysts at CIBC from C$20.00 to C$17.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a "neutral" rating on the stock. CIBC's price target would indicate a potential upside of 24.00% from the stock's previous close.

IFP has been the subject of several other research reports. Raymond James decreased their target price on shares of Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 30th. Scotiabank lowered shares of Interfor from an "outperform" rating to a "sector perform" rating in a research note on Monday, March 3rd. Finally, TD Securities lowered their price objective on Interfor from C$20.00 to C$16.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$21.33.

Interfor Stock Performance

Shares of IFP stock traded up C$0.12 during trading hours on Tuesday, hitting C$13.71. The stock had a trading volume of 56,250 shares, compared to its average volume of 213,595. The stock's 50 day moving average is C$15.03 and its 200 day moving average is C$17.23. The firm has a market capitalization of C$709.98 million, a PE ratio of -1.68 and a beta of 2.54. Interfor has a twelve month low of C$13.15 and a twelve month high of C$21.44. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15.

Insider Transactions at Interfor

In related news, Director Ian Fillinger bought 3,400 shares of Interfor stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price 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 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.