Scotiabank Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Key Points

• Scotiabank has lowered its price target for Interfor (TSE:IFP) from C$20.00 to C$18.00, while maintaining a "sector perform" rating.
• Other analysts, including TD Securities and CIBC, have also reduced their price targets for Interfor, indicating a trend among brokerage firms concerning the stock.
• As of now, Interfor shares are trading down by 1.8% at C$12.50, reflecting a broader sentiment as the company faces pressures in the market.

Interfor (TSE:IFP - Free Report) had its price target cut by Scotiabank from C$20.00 to C$18.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock. Scotiabank also issued estimates for Interfor's FY2025 earnings at ($1.26) EPS and FY2026 earnings at $0.56 EPS.

Several other brokerages have also weighed in on IFP. Royal Bank Of Canada cut their price objective on shares of Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial lowered Interfor from a "strong-buy" rating to a "moderate buy" rating and cut their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd. TD Securities decreased their target price on Interfor from C$20.00 to C$16.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, CIBC cut their price target on shares of Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$18.20.

Interfor Trading Down 1.6%

Shares of IFP traded down C$0.21 during trading hours on Monday, hitting C$12.79. 98,155 shares of the stock traded hands, compared to its average volume of 197,113. The business has a fifty day moving average of C$12.92 and a 200-day moving average of C$14.08. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The firm has a market capitalization of C$662.34 million, a PE ratio of -1.56 and a beta of 2.54. Interfor has a 1-year low of C$12.15 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.