Analysts Set Interfor Co. (TSE:IFP) PT at C$24.83

Shares of Interfor Co. (TSE:IFP) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$24.83.

IFP has been the subject of several analyst reports. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. TD Securities decreased their price objective on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. CIBC boosted their price objective on shares of Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada cut their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th.

Insiders Place Their Bets

In other news, Director Ian Fillinger bought 3,150 shares of the stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$16.29 per share, with a total value of C$51,304.05. Insiders own 0.94% of the company’s stock.

Interfor Trading Up 0.1 %

TSE IFP opened at C$16.52 on Friday. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. Interfor has a 52 week low of C$15.35 and a 52 week high of C$24.28. The stock has a market capitalization of C$849.95 million, a price-to-earnings ratio of -2.36 and a beta of 2.54. The stock’s 50 day moving average price is C$18.46 and its two-hundred day moving average price is C$18.11.

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.