Royal Bank of Canada Issues Pessimistic Forecast for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFPFree Report) had its target price decreased by Royal Bank of Canada from C$27.00 to C$26.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. TD Securities reduced their price target on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. CIBC boosted their price target on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Finally, Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Interfor currently has an average rating of “Moderate Buy” and a consensus target price of C$24.83.

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Interfor Stock Up 0.8 %

IFP stock opened at C$16.83 on Friday. The company has a market capitalization of C$865.90 million, a P/E ratio of -2.40 and a beta of 2.54. The firm has a 50 day simple moving average of C$19.51 and a 200-day simple moving average of C$18.20. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. Interfor has a twelve month low of C$15.35 and a twelve month high of C$25.59.

Insider Buying and Selling

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

Interfor Company Profile

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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.

Further Reading

Analyst Recommendations for Interfor (TSE:IFP)

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