Interfor (TSE:IFP) Given New C$12.00 Price Target at TD Securities

Interfor (TSE:IFP) had its price objective decreased by TD Securities from C$15.00 to C$12.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research firms also recently weighed in on IFP. Raymond James Financial downgraded Interfor from a “strong-buy” rating to a “moderate buy” rating and cut their target price for the company from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. CIBC cut their target price on Interfor from C$14.00 to C$12.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank Of Canada decreased their target price on shares of Interfor from C$19.00 to C$17.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Scotiabank decreased their target price on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$15.60.

Interfor Price Performance

TSE:IFP opened at C$9.85 on Thursday. Interfor has a 52 week low of C$9.82 and a 52 week high of C$21.44. The firm has a market cap of C$506.82 million, a price-to-earnings ratio of -2.82 and a beta of 2.65. The firm’s 50-day simple moving average is C$12.40 and its 200 day simple moving average is C$13.16. 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 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.