Interfor (TSE:IFP) Price Target Cut to C$20.00 by Analysts at Scotiabank

Interfor (TSE:IFP) had its price target decreased by investment analysts at Scotiabank from C$22.50 to C$20.00 in a report released on Monday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 44.93% from the stock’s previous close.

A number of other research firms also recently issued reports on IFP. TD Securities dropped their price target on Interfor from C$20.00 to C$16.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada dropped their price target on Interfor from C$26.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Raymond James dropped their price target on Interfor from C$26.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 30th. Finally, CIBC lowered their target price on Interfor from C$20.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Interfor has an average rating of “Hold” and an average price target of C$20.00.

Interfor Stock Down 0.6%

Shares of TSE IFP traded down C$0.09 during midday trading on Monday, hitting C$13.80. 97,703 shares of the company’s stock were exchanged, compared to its average volume of 204,786. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. Interfor has a twelve month low of C$12.84 and a twelve month high of C$21.44. The company has a market cap of C$714.65 million, a PE ratio of -1.69 and a beta of 2.54. The firm’s fifty day simple moving average is C$14.48 and its 200-day simple moving average is C$16.75.

Insider Activity

In other Interfor news, Director Ian Fillinger purchased 3,400 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. Corporate 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.