Interfor Co. (TSE:IFP) Receives C$23.67 Average PT from Analysts

Shares of Interfor Co. (TSE:IFP) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$23.67.

IFP has been the topic of a number of analyst reports. CIBC cut their price target on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Raymond James cut 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. Royal Bank of Canada lowered their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Scotiabank cut shares of Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd.

Interfor Price Performance

Shares of IFP opened at C$14.79 on Thursday. The firm has a market capitalization of C$765.91 million, a price-to-earnings ratio of -1.81 and a beta of 2.54. The firm’s fifty day simple moving average is C$16.34 and its 200-day simple moving average is C$18.01. Interfor has a twelve month low of C$14.58 and a twelve month high of C$21.44. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24.

Insider Activity

In other news, Director Ian Fillinger acquired 3,400 shares of Interfor stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of C$14.95 per share, with a total value of C$50,820.14. Company insiders own 0.94% of the company’s stock.

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.