Scotiabank Lowers Interfor (TSE:IFP) Price Target to C$24.00

Interfor (TSE:IFP) had its target price lowered by Scotiabank from C$26.00 to C$24.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Scotiabank also issued estimates for Interfor’s FY2025 earnings at $1.53 EPS.

Other equities analysts have also issued research reports about the company. Raymond James increased their target price on Interfor from C$26.00 to C$30.00 and gave the stock an outperform rating in a research note on Tuesday, July 23rd. TD Securities decreased their target price on Interfor from C$24.00 to C$20.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada decreased their target price on Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. CIBC downgraded Interfor from an outperform rating to a neutral rating and cut their price target for the stock from C$22.00 to C$18.00 in a report on Thursday, July 18th. Finally, BMO Capital Markets cut their price target on Interfor from C$27.00 to C$24.00 and set a strong-buy rating on the stock in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$23.50.

Interfor Price Performance

IFP opened at C$17.27 on Monday. The stock’s 50-day moving average price is C$16.93 and its 200 day moving average price is C$18.49. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The company has a current ratio of 2.06, a quick ratio of 1.15 and a debt-to-equity ratio of 60.58. The firm has a market cap of C$888.54 million, a price-to-earnings ratio of -3.00 and a beta of 2.64.

Insider Activity

In other Interfor news, Director Ian Fillinger acquired 3,100 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average price of C$16.30 per share, for a total transaction of C$50,530.00. Company insiders own 0.97% 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.