Interfor (TSE:IFP – Free Report) had its price target cut by Royal Bank of Canada from C$27.00 to C$24.00 in a research note published on Thursday morning, BayStreet.CA reports.
IFP has been the topic of several other research reports. Raymond James lowered Interfor from a strong-buy rating to an outperform rating in a research note on Wednesday, April 3rd. Scotiabank cut their price target on Interfor from C$29.00 to C$26.00 and set an outperform rating on the stock in a research note on Monday, May 13th. BMO Capital Markets cut their price target on Interfor from C$29.00 to C$27.00 in a research note on Wednesday, April 17th. CIBC cut their price target on Interfor from C$24.00 to C$22.00 and set an outperform rating on the stock in a research note on Monday, May 13th. Finally, TD Securities cut their price target on Interfor from C$25.00 to C$24.00 and set a buy rating on the stock in a research note on Tuesday, May 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Interfor currently has a consensus rating of Buy and a consensus target price of C$25.50.
View Our Latest Report on Interfor
Interfor Price Performance
Interfor (TSE:IFP – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C($1.42) EPS for the quarter. The business had revenue of C$813.20 million during the quarter. Interfor had a negative return on equity of 16.24% and a negative net margin of 9.05%. Equities research analysts forecast that Interfor will post 2.8616667 earnings per share for the current fiscal year.
Insider Activity at Interfor
In related news, Director Ian Fillinger acquired 5,510 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of C$18.16 per share, for a total transaction of C$100,037.91. 0.97% of the stock is currently owned by corporate 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.
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