Interfor (TSE:IFP) Downgraded by Scotiabank to “Sector Perform”

Scotiabank cut shares of Interfor (TSE:IFP) from an outperform rating to a sector perform rating in a research note issued to investors on Monday morning, Marketbeat.com reports.

Several other brokerages have also issued reports on IFP. Raymond James decreased their price target 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. Royal Bank of Canada decreased their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. CIBC lowered their target price on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Finally, TD Securities reduced their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.67.

Interfor Stock Performance

Shares of Interfor stock opened at C$16.02 on Monday. The company has a 50 day moving average of C$16.90 and a 200-day moving average of C$18.17. The company has a market cap of C$829.61 million, a PE ratio of -1.96 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. Interfor has a 1-year low of C$15.01 and a 1-year high of C$22.38.

Insider Activity

In related news, Director Ian Fillinger acquired 3,150 shares of the stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$16.29 per share, for a total transaction of C$51,304.05. 0.94% of the stock is currently owned by 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.