Interfor (TSE:IFP) Price Target Lowered to C$22.00 at CIBC

Interfor (TSE:IFP - Get Free Report) had its price objective reduced by analysts at CIBC from C$23.00 to C$22.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC's price target suggests a potential upside of 27.39% from the company's current price.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Interfor from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. TD Securities reduced their target price on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Raymond James raised Interfor from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$24.67.

Interfor Stock Up 2.8 %

TSE IFP traded up C$0.47 on Wednesday, reaching C$17.27. The company had a trading volume of 120,749 shares, compared to its average volume of 128,027. 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's fifty day moving average is C$18.35 and its 200 day moving average is C$18.12. Interfor has a 52-week low of C$15.35 and a 52-week high of C$23.70. The stock has a market capitalization of C$888.54 million, a P/E ratio of -2.47 and a beta of 2.54.

Insider Activity at Interfor

In other news, Director Ian Fillinger acquired 3,150 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$16.29 per share, for a total transaction of C$51,304.05. 0.94% of the stock is owned by company 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.