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

Interfor (TSE:IFP) had its target price lowered by equities researchers at TD Securities from C$20.00 to C$16.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 17.30% from the stock’s current price.

IFP has been the topic of a number of other reports. Raymond James cut their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 3rd. Royal Bank of Canada decreased their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, CIBC dropped their price target on Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.67.

Interfor Stock Performance

Shares of IFP opened at C$13.64 on Thursday. The stock has a 50 day moving average of C$15.31 and a 200 day moving average of C$17.48. The company has a market capitalization of C$706.36 million, a price-to-earnings ratio of -1.67 and a beta of 2.54. Interfor has a 12 month low of C$13.15 and a 12 month high of C$21.44. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24.

Insider Activity

In other news, Director Ian Fillinger acquired 3,400 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. 0.94% of the stock is 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.