Brokerages Set Interfor Co. (TSE:IFP) Price Target at C$12.50

Shares of Interfor Co. (TSE:IFP) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating 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$13.17.

Several brokerages recently commented on IFP. Raymond James Financial increased their price objective on shares of Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. TD upped their price target on shares of Interfor from C$10.00 to C$14.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada decreased their price target on shares of Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, April 16th.

Interfor Price Performance

Shares of IFP opened at C$12.31 on Friday. Interfor has a twelve month low of C$7.05 and a twelve month high of C$14.00. The company has a 50 day moving average of C$11.96 and a two-hundred day moving average of C$10.65. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 77.13. The company has a market cap of C$809.59 million, a price-to-earnings ratio of -1.88 and a beta of 1.61.

Interfor (TSE:IFP) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.96) earnings per share for the quarter. Interfor had a negative return on equity of 28.72% and a negative net margin of 13.73%.The business had revenue of C$643.20 million during the quarter. As a group, analysts predict that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Interfor Company Profile

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.