Interfor Co. (TSE:IFP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Interfor Co. (TSE:IFP) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$23.67.

A number of brokerages recently weighed in on IFP. CIBC dropped their price objective on Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Royal Bank of Canada cut their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. TD Securities reduced their price objective on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Scotiabank lowered shares of Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday. Finally, Raymond James reduced their price target 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.

Interfor Stock Performance

TSE IFP opened at C$15.70 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The business’s 50 day moving average is C$16.86 and its two-hundred day moving average is C$18.15. The stock has a market capitalization of C$813.04 million, a price-to-earnings ratio of -1.92 and a beta of 2.54. Interfor has a 12-month low of C$15.01 and a 12-month high of C$22.38.

Insider Buying and Selling at Interfor

In related news, Director Ian Fillinger purchased 5,490 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average price of C$18.48 per share, with a total value of C$101,433.24. 0.94% of the stock is currently owned by insiders.

About Interfor

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.