Interfor (TSE:IFP) Price Target Lowered to C$22.00 at CIBC

Interfor (TSE:IFP) had its price target reduced by CIBC from C$23.00 to C$22.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Several other research firms have also recently commented on IFP. Royal Bank of Canada reduced their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. TD Securities cut their price target on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.67.

Interfor Price Performance

Interfor stock opened at C$17.27 on Wednesday. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The business has a 50 day simple moving average of C$18.35 and a 200-day simple moving average of C$18.12. Interfor has a 12 month low of C$15.35 and a 12 month high of C$23.70. The stock has a market capitalization of C$888.54 million, a PE ratio of -2.47 and a beta of 2.54.

Insider Activity

In other news, Director Ian Fillinger purchased 3,150 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of C$16.29 per share, for a total transaction of C$51,304.05. 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.