Royal Bank Of Canada Cuts Interfor (TSE:IFP) Price Target to C$17.00

Interfor (TSE:IFP) had its price objective decreased by Royal Bank Of Canada from C$19.00 to C$17.00 in a report issued on Thursday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on IFP. CIBC decreased their price target on shares of Interfor from C$14.00 to C$12.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Raymond James Financial downgraded shares of Interfor from a “strong-buy” rating to a “moderate buy” rating and decreased their price target for the stock from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. Finally, Scotiabank decreased their price objective on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$15.60.

Interfor Stock Up 0.8%

IFP stock opened at C$9.93 on Thursday. Interfor has a twelve month low of C$9.82 and a twelve month high of C$21.44. 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 company has a market capitalization of C$510.94 million, a P/E ratio of -2.85 and a beta of 2.65. The firm has a 50 day simple moving average of C$12.34 and a 200-day simple moving average of C$13.11.

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.