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

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

A number of brokerages have issued reports on IFP. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. CIBC boosted their target price on shares of Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. Finally, TD Securities decreased their price objective on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th.

Interfor Trading Down 3.0 %

IFP stock opened at C$16.70 on Tuesday. The firm has a fifty day moving average price of C$19.58 and a 200 day moving average price of C$18.20. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$26.00. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm has a market cap of C$859.22 million, a PE ratio of -2.39 and a beta of 2.54.

Insiders Place Their Bets

In other Interfor news, Director Ian Fillinger purchased 5,490 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is currently owned by corporate insiders.

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.