Interfor (TSE:IFP) Given New C$26.00 Price Target at Raymond James

Interfor (TSE:IFP) had its price target cut by research analysts at Raymond James from C$30.00 to C$26.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective indicates a potential upside of 45.99% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. CIBC reduced their price objective on shares of Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. Finally, 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 on the stock in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$24.00.

Interfor Stock Performance

Shares of TSE IFP traded down C$0.25 during midday trading on Tuesday, hitting C$17.81. 78,131 shares of the company’s stock were exchanged, compared to its average volume of 119,851. The firm has a market cap of C$916.32 million, a P/E ratio of -2.54 and a beta of 2.54. The stock’s 50 day moving average price is C$18.26 and its 200-day moving average price is C$18.15. Interfor has a twelve month low of C$15.35 and a twelve month high of C$22.38. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

Insider Buying and Selling at Interfor

In other Interfor news, Director Ian Fillinger bought 3,150 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$16.29 per share, with a total value of C$51,304.05. Insiders own 0.94% of the company’s stock.

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.