Analysts Set Interfor Co. (TSE:IFP) PT at C$23.67

Shares of Interfor Co. (TSE:IFP - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$23.67.

A number of equities research analysts recently commented on the company. Scotiabank lowered Interfor from an "outperform" rating to a "sector perform" rating in a research report on Monday, March 3rd. CIBC lowered their target price on shares of Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Royal Bank of Canada decreased 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, Raymond James decreased their price objective on Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 30th.

Interfor Price Performance

IFP stock traded down C$0.70 on Thursday, hitting C$14.79. 136,351 shares of the company's stock traded hands, compared to its average volume of 212,220. The stock has a market cap of C$765.91 million, a price-to-earnings ratio of -1.81 and a beta of 2.54. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a fifty day moving average of C$16.34 and a 200-day moving average of C$18.01. Interfor has a 1-year low of C$14.58 and a 1-year high of C$21.44.

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Insiders Place Their Bets

In other news, Director Ian Fillinger bought 3,400 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of C$14.95 per share, with a total value of C$50,820.14. 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.