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

Shares of Interfor Co. (TSE:IFP) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$24.83.

IFP has been the subject of a number of recent research reports. TD Securities decreased their price target 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 increased their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. CIBC boosted their price target on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, December 20th.

Interfor Price Performance

IFP stock opened at C$16.50 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The company has a market capitalization of C$848.93 million, a P/E ratio of -2.36 and a beta of 2.54. The business has a 50 day simple moving average of C$18.59 and a 200-day simple moving average of C$18.11. Interfor has a twelve month low of C$15.35 and a twelve month high of C$24.28.

Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger acquired 3,150 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average price of C$16.29 per share, for a total transaction of C$51,304.05. 0.94% of the stock is owned by 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.