Brokerages Set Interfor Co. (TSE:IFP) PT at C$23.50

Interfor Co. (TSE:IFP) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$23.50.

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 23rd. Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. CIBC boosted their target price on Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Scotiabank cut their price target on Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Raymond James lifted their price objective on Interfor from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd.

Interfor Stock Down 2.5 %

Shares of TSE IFP opened at C$16.68 on Wednesday. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The firm’s 50-day simple moving average is C$16.88 and its 200 day simple moving average is C$18.41. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The company has a market cap of C$858.19 million, a price-to-earnings ratio of -2.38 and a beta of 2.51.

Insider Buying and Selling at Interfor

In other news, Director Ian Fillinger purchased 3,100 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of C$16.30 per share, with a total value of C$50,530.00. Insiders own 0.94% 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.