Interfor (TSE:IFP) Lowered to Sector Perform Rating by Scotiabank

Scotiabank cut shares of Interfor (TSE:IFP) from an outperform rating to a sector perform rating in a research note released on Monday morning,BayStreet.CA reports.

IFP has been the subject of a number of other research reports. CIBC decreased their target price on Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. TD Securities dropped their price objective on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Raymond James reduced their target price on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$23.67.

Interfor Price Performance

TSE IFP opened at C$15.62 on Monday. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The stock’s fifty day moving average price is C$16.94 and its 200 day moving average price is C$18.20. The company has a market cap of C$808.90 million, a price-to-earnings ratio of -1.91 and a beta of 2.54. Interfor has a 1 year low of C$15.22 and a 1 year high of C$22.38.

Insider Activity

In related news, Director Ian Fillinger purchased 5,490 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. Company insiders own 0.94% of the company’s stock.

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.