Royal Bank of Canada Trims Interfor (TSE:IFP) Target Price to C$28.00

Interfor (TSE:IFP - Get Free Report) had its price target dropped by equities research analysts at Royal Bank of Canada from C$30.00 to C$28.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price target suggests a potential upside of 57.04% from the stock's current price.

Other equities analysts also recently issued reports about the stock. TD Securities raised shares of Interfor from a "hold" rating to a "buy" rating and reduced their target price for the stock from C$27.00 to C$25.00 in a research note on Monday, February 12th. Raymond James downgraded shares of Interfor from a "strong-buy" rating to an "outperform" rating in a research note on Wednesday, April 3rd. BMO Capital Markets reduced their price target on shares of Interfor from C$29.00 to C$27.00 in a research note on Wednesday. CIBC reduced their price target on shares of Interfor from C$25.00 to C$24.00 in a research note on Thursday, April 11th. Finally, Scotiabank set a C$29.00 price target on shares of Interfor and gave the company a "sector perform" rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Interfor presently has an average rating of "Moderate Buy" and an average target price of C$27.17.

Interfor Trading Up 0.3 %

IFP stock traded up C$0.05 during trading on Friday, reaching C$17.83. 203,153 shares of the stock were exchanged, compared to its average volume of 172,637. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21. The business has a 50 day moving average price of C$19.96 and a 200-day moving average price of C$20.53. Interfor has a 1 year low of C$16.78 and a 1 year high of C$26.31. The firm has a market capitalization of C$917.35 million, a price-to-earnings ratio of -3.44 and a beta of 2.61.

Interfor (TSE:IFP - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing analysts' consensus estimates of C($1.65) by C($1.64). Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. The firm had revenue of C$785.90 million for the quarter. On average, research analysts predict that Interfor will post 2.8616667 earnings per share for the current year.

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.