Interfor Co. (TSE:IFP) Receives Average Rating of “Moderate Buy” from Analysts

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

A number of equities analysts have weighed in on the stock. TD Securities dropped their target price on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Finally, CIBC increased their price objective on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th.

Interfor Stock Performance

Interfor stock opened at C$17.80 on Tuesday. The stock has a 50-day simple moving average of C$19.80 and a 200 day simple moving average of C$18.23. The stock has a market capitalization of C$915.81 million, a price-to-earnings ratio of -2.54 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. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00.

Insider Buying and Selling at Interfor

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

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.