Interfor Co. (TSE:IFP) Given Consensus Rating of “Moderate Buy” by Analysts

Interfor Co. (TSE:IFP) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$24.00.

Several brokerages have recently weighed in on IFP. Royal Bank of Canada reduced their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. TD Securities reduced their price objective on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. CIBC dropped their target price on shares of Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Finally, Raymond James reduced their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th.

Interfor Stock Performance

Interfor stock opened at C$15.75 on Wednesday. Interfor has a twelve month low of C$15.35 and a twelve month high of C$22.38. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The company has a market capitalization of C$810.34 million, a P/E ratio of -2.25 and a beta of 2.54. The stock’s 50 day moving average is C$17.57 and its 200 day moving average is C$18.27.

Insider Activity at Interfor

In other news, Director Ian Fillinger purchased 3,150 shares of the business’s stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$16.29 per share, for a total transaction of C$51,304.05. 0.94% of the stock is 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.