Scotiabank Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its target price decreased by Scotiabank from C$20.00 to C$18.00 in a research report released on Monday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

IFP has been the subject of several other research reports. CIBC lowered their price target on shares of Interfor from C$20.00 to C$17.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Raymond James Financial cut shares of Interfor from a “strong-buy” rating to a “moderate buy” rating and lowered their price target for the stock from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada lowered their price target on shares of Interfor from C$26.00 to C$21.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities lowered their price target on shares of Interfor from C$20.00 to C$16.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$18.20.

Interfor Trading Up 4.6%

IFP opened at C$13.32 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a market capitalization of C$689.79 million, a PE ratio of -1.63 and a beta of 2.54. Interfor has a 1-year low of C$12.15 and a 1-year high of C$21.44. The firm has a 50-day moving average price of C$12.93 and a two-hundred day moving average price of C$14.15.

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.