Interfor Co. (TSE:IFP) Given Consensus Rating of "Moderate Buy" by Brokerages

Interfor Co. (TSE:IFP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$24.83.

Several brokerages have issued reports on IFP. Raymond James raised shares of Interfor from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. CIBC upped their price objective on shares of Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. Royal Bank of Canada cut 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 report on Friday, December 20th. Finally, TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th.

Interfor Price Performance

Shares of TSE:IFP traded down C$0.17 during trading on Friday, reaching C$16.50. The stock had a trading volume of 211,042 shares, compared to its average volume of 141,842. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. Interfor has a 1-year low of C$15.35 and a 1-year high of C$24.28. The stock has a market cap of C$848.93 million, a PE ratio of -2.36 and a beta of 2.54. The business has a fifty day moving average price of C$18.53 and a 200-day moving average price of C$18.11.

Insider Transactions at Interfor

In other Interfor news, Director Ian Fillinger purchased 3,150 shares of Interfor stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of C$16.29 per share, with a total value of C$51,304.05. Company 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.