Royal Bank of Canada Issues Pessimistic Forecast for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its target price cut by equities research analysts at Royal Bank of Canada from C$27.00 to C$26.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 54.49% from the company’s previous close.

Several other equities analysts have also issued reports on IFP. CIBC raised their price target on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. TD Securities cut their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Three 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’s stock. Based on data from MarketBeat.com, Interfor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.83.

Interfor Price Performance

Shares of TSE:IFP opened at C$16.83 on Friday. The company’s fifty day moving average is C$19.51 and its 200 day moving average is C$18.20. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. Interfor has a 52 week low of C$15.35 and a 52 week high of C$25.59. The stock has a market cap of C$865.90 million, a PE ratio of -2.40 and a beta of 2.54.

Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger bought 5,490 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of C$18.48 per share, with a total value of C$101,433.24. 0.94% of the stock is currently owned by corporate 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.