CIBC Cuts Interfor (TSE:IFP) Price Target to C$20.00

Interfor (TSE:IFP) had its price objective reduced by CIBC from C$22.00 to C$20.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently commented on the stock. Royal Bank of Canada cut their target price 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. Raymond James lowered their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Finally, TD Securities reduced their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Trading Down 2.3 %

IFP opened at C$17.04 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. Interfor has a 52 week low of C$15.22 and a 52 week high of C$22.38. The business’s 50 day moving average is C$17.05 and its two-hundred day moving average is C$18.22. The firm has a market cap of C$882.43 million, a price-to-earnings ratio of -2.08 and a beta of 2.54.

Insider Transactions 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. Company 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.