Interfor (TSE:IFP) Price Target Cut to C$16.00 by Analysts at TD Securities

Interfor (TSE:IFP) had its price target cut by TD Securities from C$20.00 to C$16.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts have also weighed in on the stock. Raymond James cut their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. CIBC decreased their price target on shares of Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Finally, Royal Bank of Canada reduced their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.67.

Interfor Price Performance

Shares of TSE:IFP opened at C$13.64 on Thursday. The business has a fifty day simple moving average of C$15.36 and a 200-day simple moving average of C$17.51. Interfor has a 52 week low of C$13.15 and a 52 week high of C$21.44. The company has a market cap of C$706.36 million, a P/E ratio of -1.67 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Insider Buying and Selling

In related news, Director Ian Fillinger purchased 3,400 shares of Interfor stock in a transaction that occurred on Monday, March 17th. The shares were purchased 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 owned by corporate 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.