Royal Bank of Canada Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

Interfor (TSE:IFP) had its price target lowered by stock analysts at Royal Bank of Canada from C$27.00 to C$26.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 53.48% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. TD Securities lowered their target price on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Finally, CIBC upped their price target on shares of Interfor from C$22.00 to C$23.00 in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$24.83.

Interfor Stock Performance

Shares of IFP stock traded up C$0.24 during trading on Friday, reaching C$16.94. 78,033 shares of the company’s stock were exchanged, compared to its average volume of 158,507. Interfor has a twelve month low of C$15.35 and a twelve month high of C$25.59. The firm’s fifty day moving average price is C$19.58 and its 200-day moving average price is C$18.20. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The stock has a market capitalization of C$871.56 million, a PE ratio of -2.42 and a beta of 2.54.

Insider Buying and Selling

In other news, Director Ian Fillinger bought 5,490 shares of Interfor stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is currently owned by company insiders.

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.