Royal Bank of Canada Cuts Interfor (TSE:IFP) Price Target to C$26.00

Interfor (TSE:IFP) had its price objective reduced by Royal Bank of Canada from C$27.00 to C$26.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 54.49% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. TD Securities cut their price target on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. CIBC increased their target price on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Finally, Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued 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$24.83.

Interfor Trading Up 0.8 %

Shares of TSE:IFP opened at C$16.83 on Friday. The stock’s fifty day moving average price is C$19.51 and its 200-day moving average price is C$18.20. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The company has a market cap of C$865.90 million, a P/E ratio of -2.40 and a beta of 2.54. Interfor has a 1 year low of C$15.35 and a 1 year high of C$25.59.

Insider Transactions at Interfor

In other Interfor news, Director Ian Fillinger purchased 5,490 shares of Interfor stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of C$18.48 per share, for a total transaction of C$101,433.24. 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.