Interfor (TSE:IFP) Price Target Cut to C$22.00 by Analysts at CIBC

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

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada cut their price target 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. TD Securities reduced their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, 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. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Interfor has an average rating of “Moderate Buy” and a consensus price target of C$24.67.

Interfor Stock Performance

Shares of IFP stock opened at C$17.27 on Wednesday. The firm has a 50 day moving average of C$18.35 and a two-hundred day moving average of C$18.12. The stock has a market capitalization of C$888.54 million, a PE ratio of -2.47 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. Interfor has a 52 week low of C$15.35 and a 52 week high of C$23.70.

Insider Transactions at Interfor

In other Interfor news, Director Ian Fillinger bought 3,150 shares of the stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost 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.