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

Shares of Interfor Co. (TSE:IFP - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four 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 objective among analysts that have issued a report on the stock in the last year is C$21.33.

Several analysts recently issued reports on IFP shares. TD Securities cut their target price on shares of Interfor from C$20.00 to C$16.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada cut their price objective on shares of Interfor from C$26.00 to C$21.00 and set an "outperform" rating for the company in a research report on Tuesday. Scotiabank lowered Interfor from an "outperform" rating to a "sector perform" rating in a research note on Monday, March 3rd. 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 report on Thursday, January 30th. Finally, CIBC reduced their price target on Interfor from C$20.00 to C$17.00 and set a "neutral" rating for the company in a research report on Tuesday.

Insider Buying and Selling

In related news, Director Ian Fillinger acquired 3,400 shares of the business's stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is currently owned by insiders.

Interfor Stock Performance

Shares of Interfor stock traded up C$0.06 during trading hours on Monday, reaching C$13.68. 158,932 shares of the stock traded hands, compared to its average volume of 216,948. Interfor has a one year low of C$13.15 and a one year high of C$21.44. The firm has a market capitalization of C$708.43 million, a price-to-earnings ratio of -1.67 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The company has a 50 day moving average price of C$15.23 and a 200 day moving average price of C$17.35.

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.