Interfor Co. (TSE:IFP) Receives C$24.50 Consensus Target Price from Analysts

Shares of Interfor Co. (TSE:IFP) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$24.50.

A number of research analysts recently weighed in on the stock. 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 report on Tuesday, October 22nd. Scotiabank dropped their price objective on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. CIBC upped their target price on shares of Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Finally, TD Securities dropped their price target on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th.

Interfor Trading Down 0.4 %

Shares of IFP stock opened at C$19.17 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The stock has a market capitalization of C$986.30 million, a price-to-earnings ratio of -2.74 and a beta of 2.54. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The stock’s 50-day moving average price is C$19.75 and its 200-day moving average price is C$18.10.

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.