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

Shares of Interfor Co. (TSE:IFP) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$24.50.

IFP has been the subject of several recent research reports. Scotiabank dropped their price objective on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th. CIBC increased their price objective on shares of Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. TD Securities lowered their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd.

Interfor Trading Up 1.6 %

IFP stock opened at C$20.67 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. Interfor has a twelve month low of C$15.35 and a twelve month high of C$26.00. The company has a market cap of C$1.06 billion, a P/E ratio of -2.95 and a beta of 2.54. The business has a fifty day moving average of C$19.95 and a 200-day moving average of C$18.17.

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.