Interfor (TSE:IFP) Price Target Lowered to C$17.00 at Royal Bank Of Canada

Interfor (TSE:IFP) had its price target reduced by Royal Bank Of Canada from C$19.00 to C$17.00 in a research note published on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

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

Interfor Trading Down 2.9%

Interfor stock 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 company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The company has a market cap of C$506.82 million, a P/E ratio of -2.82 and a beta of 2.65. The business has a 50-day simple moving average of C$12.40 and a two-hundred day simple moving average of C$13.16.

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.