Interfor Co. (TSE:IFP) Receives Average Rating of “Moderate Buy” from Analysts

Interfor Co. (TSE:IFP) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$24.50.

Several research firms have recently weighed in on IFP. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. TD Securities cut their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Finally, CIBC increased their price objective on shares of Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th.

Interfor Stock Performance

IFP stock opened at C$17.80 on Tuesday. Interfor has a 1-year low of C$15.35 and a 1-year high of C$26.00. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The firm has a market cap of C$915.81 million, a PE ratio of -2.54 and a beta of 2.54. The business’s 50-day moving average price is C$19.80 and its two-hundred day moving average price is C$18.23.

Insiders Place Their Bets

In related news, Director Ian Fillinger acquired 5,490 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$18.48 per share, for a total transaction of C$101,433.24. 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.