Interfor (TSE:IFP) PT Lowered to C$24.00

Interfor (TSE:IFP) had its price objective cut by analysts at Royal Bank of Canada from C$27.00 to C$24.00 in a note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 51.99% from the stock’s previous close.

A number of other brokerages have also commented on IFP. BMO Capital Markets decreased their price target on shares of Interfor from C$29.00 to C$27.00 in a research note on Wednesday, April 17th. Raymond James lowered shares of Interfor from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 3rd. TD Securities decreased their target price on shares of Interfor from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. CIBC reduced their price target on shares of Interfor from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, Scotiabank reduced their price target on shares of Interfor from C$29.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$25.50.

Interfor Price Performance

Shares of TSE IFP opened at C$15.79 on Thursday. The company has a fifty day moving average price of C$17.45 and a 200 day moving average price of C$19.43. The company has a current ratio of 2.06, a quick ratio of 1.15 and a debt-to-equity ratio of 60.58. Interfor has a 1-year low of C$15.35 and a 1-year high of C$26.31. The firm has a market cap of C$812.40 million, a PE ratio of -2.72 and a beta of 2.64.

Interfor (TSE:IFP) last issued its quarterly earnings results on Thursday, May 9th. The company reported C($1.42) EPS for the quarter. The business had revenue of C$813.20 million for the quarter. Interfor had a negative return on equity of 16.24% and a negative net margin of 9.05%. Research analysts predict that Interfor will post 2.8616667 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ian Fillinger bought 3,100 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of C$16.30 per share, with a total value of C$50,530.00. 0.97% of the stock is owned by insiders.

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.