Interfor (TSE:IFP - Get Free Report) was downgraded by investment analysts at Scotiabank from an "outperform" rating to a "sector perform" rating in a report issued on Monday, MarketBeat.com reports.
A number of other research analysts have also recently commented on IFP. Royal Bank of Canada reduced their target price on Interfor from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. Raymond James decreased their price objective on Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating on the stock in a report on Thursday, January 30th. CIBC lowered their price objective on shares of Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Finally, TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$23.67.
Read Our Latest Analysis on IFP
Interfor Price Performance
IFP stock traded down C$0.32 during midday trading on Monday, reaching C$15.70. The company had a trading volume of 168,506 shares, compared to its average volume of 191,139. The firm has a 50-day moving average price of C$16.88 and a 200-day moving average price of C$18.16. The company has a market capitalization of C$813.04 million, a P/E ratio of -1.92 and a beta of 2.54. Interfor has a 1 year low of C$15.01 and a 1 year high of C$22.38. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15.
Insider Activity at Interfor
In related news, Director Ian Fillinger acquired 5,490 shares of Interfor stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of C$18.48 per share, with a total value of C$101,433.24. 0.94% of the stock is owned by company insiders.
About Interfor
(
Get Free Report)
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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