Interfor Co. (TSE:IFP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Interfor Co. (TSE:IFP) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$24.83.

IFP has been the topic of several recent research reports. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. CIBC boosted their price target on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th.

Interfor Trading Down 1.0 %

TSE:IFP opened at C$16.50 on Friday. Interfor has a 52-week low of C$15.35 and a 52-week high of C$24.28. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The stock has a fifty day simple moving average of C$18.59 and a 200-day simple moving average of C$18.11. The company has a market capitalization of C$848.93 million, a PE ratio of -2.36 and a beta of 2.54.

Insider Activity

In related news, Director Ian Fillinger bought 3,150 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$16.29 per share, with a total value of C$51,304.05. Company insiders own 0.94% of the company’s stock.

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.