Interfor (TSE:IFP) Given New C$21.00 Price Target at Royal Bank of Canada

Interfor (TSE:IFP) had its price target decreased by Royal Bank of Canada from C$26.00 to C$21.00 in a research report report published on Tuesday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Scotiabank cut Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. CIBC dropped their price objective on shares of Interfor from C$20.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Tuesday. Raymond James decreased their target price on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Finally, TD Securities dropped their price target on shares of Interfor from C$20.00 to C$16.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.33.

Interfor Stock Up 1.6 %

IFP stock opened at C$13.62 on Tuesday. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. Interfor has a fifty-two week low of C$13.15 and a fifty-two week high of C$21.44. The stock’s 50 day simple moving average is C$15.23 and its 200 day simple moving average is C$17.35. The company has a market cap of C$705.32 million, a P/E ratio of -1.67 and a beta of 2.54.

Insider Activity

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