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

Interfor Co. (TSE:IFP) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$24.50.

A number of brokerages have commented on IFP. TD Securities dropped their price objective on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. CIBC lifted their price target on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Finally, Scotiabank dropped their target price on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

Interfor Trading Down 0.5 %

IFP stock opened at C$20.95 on Friday. The firm has a fifty day moving average price of C$19.82 and a 200 day moving average price of C$18.12. Interfor has a fifty-two week low of C$15.35 and a fifty-two week high of C$26.00. The firm has a market cap of C$1.08 billion, a PE ratio of -3.01 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02.

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.