Interfor (TSE:IFP - Get Free Report) had its price objective cut by stock analysts at CIBC from C$22.00 to C$20.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 20.70% from the company's current price.
A number of other brokerages also recently weighed in on IFP. TD Securities lowered their price target on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Royal Bank of Canada reduced their price objective on Interfor from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Finally, Raymond James lowered their target price on Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$23.67.
Get Our Latest Report on Interfor
Interfor Trading Down 2.8 %
Shares of TSE:IFP traded down C$0.47 during mid-day trading on Tuesday, hitting C$16.57. The stock had a trading volume of 177,201 shares, compared to its average volume of 167,970. Interfor has a 12-month low of C$15.22 and a 12-month high of C$22.38. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. The company has a market cap of C$858.09 million, a PE ratio of -2.03 and a beta of 2.54. The company's 50 day moving average is C$17.02 and its 200-day moving average is C$18.21.
Insider Buying and Selling at Interfor
In other Interfor news, Director Ian Fillinger purchased 3,150 shares of the company's stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$16.29 per share, for a total transaction of C$51,304.05. Corporate insiders own 0.94% of the company's stock.
About Interfor
(
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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.
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