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

Interfor Co. (TSE:IFP) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$24.83.

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

Interfor Trading Up 0.8 %

TSE:IFP opened at C$16.83 on Tuesday. The company’s 50 day moving average is C$19.51 and its 200-day moving average is C$18.20. 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 12 month low of C$15.35 and a 12 month high of C$25.59. The firm has a market cap of C$865.90 million, a price-to-earnings ratio of -2.40 and a beta of 2.54.

Insider Transactions at Interfor

In other Interfor news, Director Ian Fillinger acquired 5,490 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by 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.