Interfor Co. (TSE:IFP) Given Average Rating of "Moderate Buy" by Analysts

Shares of Interfor Co. (TSE:IFP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$24.50.

A number of analysts recently weighed in on the stock. TD Securities decreased their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Scotiabank cut their price target on shares of Interfor from C$26.00 to C$24.00 and set an "outperform" rating for the company in a report on Monday, August 12th. Raymond James raised shares of Interfor from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Finally, CIBC increased their price objective on shares of Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th.

Interfor Trading Down 1.1 %

Shares of Interfor stock traded down C$0.21 on Friday, reaching C$19.04. The company had a trading volume of 61,286 shares, compared to its average volume of 158,532. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00. The firm's 50 day moving average price is C$19.71 and its two-hundred day moving average price is C$18.09. The firm has a market cap of C$979.61 million, a PE ratio of -2.75 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02.

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.