Interfor (TSE:IFP) Given New C$16.00 Price Target at TD Securities

Interfor (TSE:IFP) had its target price trimmed by TD Securities from C$20.00 to C$16.00 in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on IFP. Royal Bank of Canada cut their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Scotiabank cut shares of Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Raymond James decreased their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Finally, CIBC dropped their target price on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.67.

Interfor Stock Down 1.4 %

TSE IFP opened at C$13.64 on Thursday. The business’s 50-day moving average is C$15.31 and its 200 day moving average is C$17.46. The stock has a market capitalization of C$706.36 million, a PE ratio of -1.67 and a beta of 2.54. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. Interfor has a 1 year low of C$13.15 and a 1 year high of C$21.44.

Insider Buying and Selling

In related news, Director Ian Fillinger acquired 3,400 shares of the stock in a transaction on Monday, March 17th. The stock was acquired at an average price of C$14.95 per share, for a total transaction of C$50,820.14. 0.94% of the stock is currently 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.