Interfor Co. (TSE:IFP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Interfor Co. (TSE:IFPGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$24.83.

A number of brokerages have recently issued reports on IFP. Raymond James raised 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 note on Tuesday, October 22nd. 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 note on Friday. CIBC boosted their price objective on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Finally, TD Securities cut their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th.

View Our Latest Analysis on IFP

Interfor Price Performance

IFP stock opened at C$16.91 on Tuesday. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm has a market cap of C$870.02 million, a P/E ratio of -2.42 and a beta of 2.54. The firm’s fifty day moving average is C$19.44 and its 200 day moving average is C$18.19. Interfor has a 52 week low of C$15.35 and a 52 week high of C$25.59.

Insider Activity

In related news, Director Ian Fillinger bought 5,490 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of C$18.48 per share, with a total value of C$101,433.24. Insiders own 0.94% of the company’s stock.

About Interfor

(Get Free Report

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.

Further Reading

Analyst Recommendations for Interfor (TSE:IFP)

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