CIBC Lowers Interfor (TSE:IFP) Price Target to C$17.00

Interfor (TSE:IFP) had its price target dropped by equities research analysts at CIBC from C$20.00 to C$17.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 24.27% from the stock’s previous close.

IFP has been the subject of several other reports. Scotiabank downgraded shares of Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Raymond James reduced their price target on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Finally, TD Securities dropped their price objective on Interfor from C$20.00 to C$16.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.33.

Interfor Stock Performance

Shares of IFP opened at C$13.68 on Tuesday. Interfor has a 1 year low of C$13.15 and a 1 year high of C$21.44. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The stock’s fifty day moving average price is C$15.17 and its two-hundred day moving average price is C$17.32. The firm has a market cap of C$708.43 million, a PE ratio of -1.67 and a beta of 2.54.

Insider Transactions at Interfor

In related news, Director Ian Fillinger purchased 3,400 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is owned by insiders.

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 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.