Interfor Co. (TSE:IFP) Given Consensus Rating of “Moderate Buy” by Brokerages

Interfor Co. (TSE:IFP) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$24.50.

IFP has been the topic of several research analyst reports. Scotiabank decreased their price objective on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. TD Securities dropped their price target on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Finally, CIBC increased their target price on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th.

Interfor Stock Up 0.9 %

IFP opened at C$19.25 on Friday. The firm has a market cap of C$990.41 million, a price-to-earnings ratio of -2.75 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm’s 50-day simple moving average is C$19.66 and its 200-day simple moving average is C$18.08. Interfor has a twelve month low of C$15.35 and a twelve month high of C$26.00.

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.