Interfor (TSE:IFP) PT Lowered to C$18.00

Interfor (TSE:IFP) had its price objective lowered by Royal Bank of Canada from C$21.00 to C$18.00 in a report published on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on IFP. Raymond James set a $60.00 price target on Banner and gave the stock a buy rating in a research note on Friday, May 3rd. CIBC upgraded Cornerstone Progressive Return Fund from an average rating to a buy rating and set a $14.00 price objective for the company in a research report on Tuesday, June 18th. BMO Capital Markets restated a buy rating and set a $10.50 price objective on shares of Switch in a research report on Tuesday, March 12th. Finally, TD Securities raised their price objective on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the company a hold rating in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$18.60.

Shares of IFP stock opened at C$12.10 on Tuesday. Interfor has a 52-week low of C$11.23 and a 52-week high of C$26.06. The company has a debt-to-equity ratio of 33.37, a current ratio of 3.05 and a quick ratio of 1.35. The stock has a market cap of $835.26 million and a price-to-earnings ratio of 13.22. The business has a fifty day simple moving average of C$13.10.

Interfor (TSE:IFP) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.15) by C($0.04). The business had revenue of C$451.16 million during the quarter. Equities analysts anticipate that Interfor will post 0.96 earnings per share for the current fiscal year.

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 wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.

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Analyst Recommendations for Interfor (TSE:IFP)

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