Brokerages Set Interfor Co. (TSE:IFP) PT at C$24.50

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three 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 company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$24.83.

A number of equities analysts have recently commented on the company. CIBC raised their price target on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. TD Securities cut their target price on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Royal Bank of Canada decreased their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd.

Interfor Stock Up 0.5 %

IFP opened at C$16.91 on Tuesday. Interfor has a 12 month low of C$15.35 and a 12 month high of C$25.59. The company has a market cap of C$870.02 million, a PE ratio of -2.42 and a beta of 2.54. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The company has a 50 day moving average of C$19.44 and a 200 day moving average of C$18.19.

Insider Activity at Interfor

In other news, Director Ian Fillinger bought 5,490 shares of Interfor stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of C$18.48 per share, with a total value of C$101,433.24. 0.94% of the stock is currently owned by 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.