TD Securities Lowers Interfor (TSE:IFP) Price Target to C$16.00

Interfor (TSE:IFP) had its price objective cut by equities researchers at TD Securities from C$20.00 to C$16.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 17.30% from the stock’s current price.

IFP has been the topic of a number of other research reports. Raymond James decreased their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. CIBC lowered their price target on Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Scotiabank cut Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$22.67.

Interfor Stock Down 1.4 %

IFP stock opened at C$13.64 on Thursday. The company’s 50 day moving average is C$15.31 and its 200 day moving average is C$17.48. The stock has a market cap of C$706.36 million, a price-to-earnings ratio of -1.67 and a beta of 2.54. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. Interfor has a 1-year low of C$13.15 and a 1-year high of C$21.44.

Insider Activity

In related news, Director Ian Fillinger acquired 3,400 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of C$14.95 per share, with a total value of C$50,820.14. Insiders own 0.94% of the company’s stock.

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.