Interfor (TSE:IFP) PT Lowered to C$26.00

Interfor (TSE:IFPGet Free Report) had its price objective reduced by analysts at Scotiabank from C$29.00 to C$26.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 43.25% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. CIBC reduced their price target on shares of Interfor from C$25.00 to C$24.00 in a research report on Thursday, April 11th. BMO Capital Markets reduced their target price on Interfor from C$29.00 to C$27.00 in a report on Wednesday, April 17th. Royal Bank of Canada lowered their price target on Interfor from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Monday. TD Securities raised Interfor from a “hold” rating to a “buy” rating and dropped their price target for the company from C$27.00 to C$25.00 in a research report on Monday, February 12th. Finally, Raymond James lowered Interfor from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Interfor currently has an average rating of “Buy” and an average target price of C$26.00.

Check Out Our Latest Stock Analysis on IFP

Interfor Price Performance

TSE IFP opened at C$18.15 on Monday. Interfor has a 1 year low of C$16.78 and a 1 year high of C$26.31. The stock’s 50-day moving average price is C$19.26 and its two-hundred day moving average price is C$20.54. The company has a market cap of C$933.82 million, a PE ratio of -3.50 and a beta of 2.61. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21.

Insider Activity at Interfor

In other news, Director Ian Fillinger acquired 5,510 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of C$18.16 per share, for a total transaction of C$100,037.91. Insiders own 0.97% of the company’s stock.

Interfor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Interfor (TSE:IFP)

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