Royal Bank Of Canada Cuts Interfor (TSE:IFP) Price Target to C$14.00

Interfor (TSE:IFP) had its price target reduced by Royal Bank Of Canada from C$17.00 to C$14.00 in a report issued on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. TD Securities dropped their price target on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Scotiabank dropped their price target on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. Raymond James Financial dropped their price target on shares of Interfor from C$19.00 to C$15.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. Finally, CIBC decreased their price objective on shares of Interfor from C$14.00 to C$12.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$13.80.

Interfor Stock Down 2.4%

TSE IFP opened at C$8.00 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. Interfor has a 1-year low of C$7.91 and a 1-year high of C$21.44. The company has a 50 day moving average of C$11.36 and a 200-day moving average of C$12.55. The company has a market cap of C$526.06 million, a price-to-earnings ratio of -2.29 and a beta of 2.29.

About Interfor

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.