Interfor Co. (TSE:IFP) Receives C$24.50 Average Price Target from Brokerages

Interfor Co. (TSE:IFP) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$24.50.

A number of research analysts have recently issued reports on IFP shares. CIBC upped their price target on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Scotiabank decreased their price objective on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, TD Securities dropped their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th.

Interfor Stock Performance

Shares of Interfor stock opened at C$19.17 on Friday. Interfor has a 1 year low of C$15.35 and a 1 year high of C$26.00. The firm’s 50-day moving average is C$19.75 and its 200 day moving average is C$18.10. The stock has a market cap of C$986.30 million, a price-to-earnings ratio of -2.74 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

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.