Interfor (TSE:IFP) Price Target Cut to C$20.00 by Analysts at Scotiabank

Interfor (TSE:IFP) had its target price lowered by Scotiabank from C$22.50 to C$20.00 in a report published on Monday,BayStreet.CA reports.

Other analysts have also issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of Interfor from C$26.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. TD Securities decreased their price target on Interfor from C$20.00 to C$16.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Raymond James reduced their target price on Interfor from C$26.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 30th. Finally, CIBC lowered their target price on shares of Interfor from C$20.00 to C$17.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$20.00.

Interfor Stock Performance

TSE:IFP opened at C$13.71 on Monday. The firm has a market capitalization of C$709.98 million, a PE ratio of -1.68 and a beta of 2.54. The stock’s fifty day moving average is C$14.35 and its 200 day moving average is C$16.63. Interfor has a fifty-two week low of C$12.84 and a fifty-two week high of C$21.44. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.

Insiders Place Their Bets

In other Interfor news, Director Ian Fillinger purchased 3,400 shares of Interfor stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of C$14.95 per share, for a total transaction of C$50,820.14. 0.94% of the stock is currently owned by company 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.