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

Shares of Interfor Co. (TSE:IFP) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$22.67.

IFP has been the topic of a number of research reports. TD Securities dropped their price target on Interfor from C$20.00 to C$16.00 and set a “hold” rating on the stock in a research report on Thursday. Raymond James cut their target price on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. CIBC lowered their price target on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Finally, Scotiabank downgraded shares of Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd.

Insider Activity at Interfor

In related news, Director Ian Fillinger purchased 3,400 shares of Interfor stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is currently owned by insiders.

Interfor Price Performance

Shares of TSE:IFP opened at C$13.64 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The firm has a 50-day simple moving average of C$15.31 and a 200 day simple moving average of C$17.44. Interfor has a fifty-two week low of C$13.15 and a fifty-two week high of C$21.44. The company has a market cap of C$706.36 million, a PE ratio of -1.67 and a beta of 2.54.

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.