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

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$24.83.

Several research firms have recently weighed in on IFP. CIBC raised their price objective on shares of Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Royal Bank of Canada dropped their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday. TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Finally, Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd.

Insider Activity

In other Interfor news, Director Ian Fillinger acquired 5,490 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by company insiders.

Interfor Stock Performance

Shares of TSE:IFP opened at C$16.83 on Tuesday. The stock has a market capitalization of C$865.90 million, a price-to-earnings ratio of -2.40 and a beta of 2.54. The business’s fifty day moving average price is C$19.51 and its two-hundred day moving average price is C$18.20. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$25.59. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

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.