Interfor (TSE:IFP) Given New C$13.00 Price Target at Royal Bank Of Canada

Interfor (TSE:IFP) had its target price cut by Royal Bank Of Canada from C$14.00 to C$13.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Scotiabank upgraded shares of Interfor from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$13.00 to C$14.00 in a research report on Monday, January 26th. TD Securities boosted their price target on shares of Interfor from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce upgraded shares of Interfor from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$12.00 to C$14.00 in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$12.33.

Interfor Price Performance

IFP stock opened at C$9.80 on Thursday. The firm’s 50-day moving average price is C$9.95 and its two-hundred day moving average price is C$9.20. Interfor has a 12-month low of C$7.05 and a 12-month high of C$14.55. The stock has a market capitalization of C$644.52 million, a price-to-earnings ratio of -1.57 and a beta of 1.53. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 68.89.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, February 12th. The company reported C($2.03) earnings per share (EPS) for the quarter. Interfor had a negative net margin of 12.27% and a negative return on equity of 25.24%. The firm had revenue of C$600.60 million during the quarter. As a group, equities analysts predict that Interfor will post 2.8616667 earnings per share for the current 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.