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

Interfor Co. (TSE:IFP) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$24.50.

Several equities analysts recently commented on the company. CIBC raised their target price on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. TD Securities reduced their target price on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Finally, Scotiabank cut their price target on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

Interfor Stock Performance

TSE:IFP opened at C$20.67 on Friday. 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 firm has a 50-day moving average price of C$19.95 and a 200 day moving average price of C$18.17. The firm has a market capitalization of C$1.06 billion, a PE ratio of -2.95 and a beta of 2.54. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00.

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.