Interfor (TSE:IFP) Given New C$21.00 Price Target at Royal Bank of Canada

Interfor (TSE:IFP - Free Report) had its target price trimmed by Royal Bank of Canada from C$26.00 to C$21.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Scotiabank cut shares of Interfor from an "outperform" rating to a "sector perform" rating in a report on Monday, March 3rd. Raymond James dropped their price objective on shares of 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. CIBC cut their target price on shares of Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, TD Securities dropped their price target on Interfor from C$20.00 to C$16.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Interfor presently has an average rating of "Moderate Buy" and an average price target of C$21.33.

Interfor Price Performance

Shares of Interfor stock traded up C$0.13 during trading on Tuesday, reaching C$13.72. 12,929 shares of the company's stock were exchanged, compared to its average volume of 213,026. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. Interfor has a 1-year low of C$13.15 and a 1-year high of C$21.44. The company has a market cap of C$710.50 million, a P/E ratio of -1.68 and a beta of 2.54. The firm's 50-day moving average price is C$15.11 and its 200 day moving average price is C$17.29.

Insider Activity at Interfor

In related news, Director Ian Fillinger acquired 3,400 shares of the business's stock in a transaction that occurred on 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. 0.94% of the stock is currently owned by company insiders.

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.