CIBC Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP - Get Free Report) had its price target reduced by stock analysts at CIBC from C$20.00 to C$17.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the stock. CIBC's price target would indicate a potential upside of 23.91% from the stock's previous close.

IFP has been the subject of several other reports. Raymond James lowered their target price on Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 30th. Scotiabank cut Interfor from an "outperform" rating to a "sector perform" rating in a report on Monday, March 3rd. Finally, TD Securities lowered their price target 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. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$21.33.

Interfor Price Performance

Shares of IFP stock traded up C$0.13 during trading hours on Tuesday, reaching C$13.72. 12,929 shares of the company were exchanged, compared to its average volume of 213,026. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The company has a market cap of C$710.50 million, a price-to-earnings ratio of -1.68 and a beta of 2.54. The stock's fifty day moving average is C$15.11 and its two-hundred day moving average is C$17.29. Interfor has a fifty-two week low of C$13.15 and a fifty-two week high of C$21.44.

Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger bought 3,400 shares of Interfor stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. Corporate 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.