Interfor (TSE:IFP) Cut to “Sector Perform” at Scotiabank

Scotiabank cut shares of Interfor (TSE:IFP) from an outperform rating to a sector perform rating in a research report released on Monday, MarketBeat.com reports.

Other equities research analysts have also recently issued reports about the stock. Raymond James cut their price target 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. Royal Bank of Canada reduced their price target 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. CIBC decreased their price target on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Finally, TD Securities dropped their price objective on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Trading Down 0.6 %

TSE:IFP opened at C$16.02 on Monday. The company has a market cap of C$829.61 million, a P/E ratio of -1.96 and a beta of 2.54. Interfor has a twelve month low of C$15.01 and a twelve month high of C$22.38. The business has a 50 day moving average price of C$16.90 and a two-hundred day moving average price of C$18.17. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Insider Transactions at Interfor

In related news, Director Ian Fillinger purchased 3,150 shares of the stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by corporate 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.