Interfor (TSE:IFP) Price Target Lowered to C$20.00 at CIBC

Interfor (TSE:IFP) had its price target cut by CIBC from C$22.00 to C$20.00 in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada cut their target price on shares of 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. TD Securities lowered their price target on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Raymond James reduced their price objective on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Price Performance

IFP stock opened at C$17.04 on Tuesday. The company has a market cap of C$882.43 million, a PE ratio of -2.08 and a beta of 2.54. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a 50-day moving average price of C$17.05 and a two-hundred day moving average price of C$18.22. Interfor has a 12-month low of C$15.22 and a 12-month high of C$22.38.

Insiders Place Their Bets

In related news, Director Ian Fillinger purchased 3,150 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of C$16.29 per share, for a total transaction of C$51,304.05. 0.94% of the stock is currently owned by company insiders.

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.