Royal Bank of Canada Lowers Interfor (TSE:IFP) Price Target to C$26.00

Interfor (TSE:IFPGet Free Report) had its price objective decreased by Royal Bank of Canada from C$27.00 to C$26.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 53.48% from the company’s current price.

Other analysts also recently issued research reports about the company. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. CIBC raised their target price on Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. Finally, TD Securities dropped their price objective on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$24.83.

View Our Latest Stock Analysis on Interfor

Interfor Stock Performance

Interfor stock traded up C$0.24 during midday trading on Friday, reaching C$16.94. The stock had a trading volume of 78,033 shares, compared to its average volume of 158,507. The firm’s 50-day moving average price is C$19.58 and its 200 day moving average price is C$18.20. Interfor has a 12 month low of C$15.35 and a 12 month high of C$25.59. The firm has a market capitalization of C$871.56 million, a PE ratio of -2.42 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31.

Insider Transactions at Interfor

In other news, Director Ian Fillinger purchased 5,490 shares of Interfor stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of C$18.48 per share, with a total value of C$101,433.24. Insiders own 0.94% of the company’s stock.

Interfor Company Profile

(Get Free Report)

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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