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

Interfor (TSE:IFP) had its target price cut by CIBC from C$22.00 to C$20.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on IFP. Royal Bank of Canada dropped their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Raymond James dropped their target price on 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. Finally, TD Securities dropped their target price on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$23.67.

Interfor Stock Performance

Shares of IFP stock opened at C$17.64 on Tuesday. The stock has a market capitalization of C$913.50 million, a PE ratio of -2.16 and a beta of 2.54. Interfor has a 52-week low of C$15.22 and a 52-week high of C$22.38. The stock’s 50-day moving average price is C$17.11 and its 200 day moving average price is C$18.23. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Insider Transactions at Interfor

In related news, Director Ian Fillinger bought 3,150 shares of Interfor stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of C$16.29 per share, with a total value of C$51,304.05. Corporate 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.