Interfor (TSE:IFP - Free Report) had its price target lowered by Royal Bank of Canada from C$26.00 to C$21.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
IFP has been the subject of a number of other reports. CIBC reduced their target price on shares of Interfor from C$20.00 to C$17.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Raymond James decreased 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 research report on Thursday, January 30th. 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 research report on Thursday, April 17th. Finally, Scotiabank lowered shares of Interfor from an "outperform" rating to a "sector perform" rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$21.33.
Check Out Our Latest Report on IFP
Interfor Stock Up 0.9 %
Shares of IFP stock traded up C$0.12 on Tuesday, reaching C$13.71. 56,250 shares of the company's stock traded hands, compared to its average volume of 213,595. The business's 50 day moving average price is C$15.03 and its two-hundred day moving average price is C$17.23. Interfor has a 12-month low of C$13.15 and a 12-month high of C$21.44. The company has a market capitalization of C$709.98 million, a P/E ratio of -1.68 and a beta of 2.54. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.
Insider Activity at Interfor
In other Interfor news, Director Ian Fillinger bought 3,400 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is owned by corporate insiders.
About Interfor
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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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