Royal Bank of Canada Cuts Interfor (TSE:IFP) Price Target to C$26.00

Interfor (TSE:IFP - Get Free Report) had its price objective cut by research analysts at Royal Bank of Canada from C$27.00 to C$26.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target indicates a potential upside of 54.49% from the company's previous close.

A number of other research firms also recently issued reports on IFP. Raymond James upgraded shares of Interfor from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. CIBC raised their target price on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Finally, TD Securities decreased their price target on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.83.

Interfor Stock Performance

IFP traded up C$0.13 during trading on Friday, reaching C$16.83. 218,576 shares of the company's stock were exchanged, compared to its average volume of 159,081. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. Interfor has a 1 year low of C$15.35 and a 1 year high of C$25.59. The company's fifty day simple moving average is C$19.58 and its 200-day simple moving average is C$18.20. The stock has a market capitalization of C$865.90 million, a P/E ratio of -2.40 and a beta of 2.54.

Insider Buying and Selling at Interfor

In other Interfor news, Director Ian Fillinger acquired 5,490 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by company insiders.

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.