Raymond James Has Lowered Expectations for Interfor (TSE:IFP) Stock Price

by · The Markets Daily

Interfor (TSE:IFP – Get Free Report) had its target price cut by Raymond James from C$30.00 to C$26.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 45.99% from the company’s current price.

A number of other brokerages also recently weighed in on IFP. TD Securities cut their price target on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Royal Bank of Canada reduced their price target on shares of 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. Finally, CIBC lowered their price objective on shares of Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Interfor has an average rating of “Moderate Buy” and an average target price of C$24.00.

Get Our Latest Report on IFP

Interfor Trading Down 1.4 %

IFP traded down C$0.25 during mid-day trading on Tuesday, reaching C$17.81. The stock had a trading volume of 78,131 shares, compared to its average volume of 119,851. The stock has a market capitalization of C$916.32 million, a P/E ratio of -2.54 and a beta of 2.54. Interfor has a 52 week low of C$15.35 and a 52 week high of C$22.38. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm’s fifty day simple moving average is C$18.26 and its two-hundred day simple moving average is C$18.15.

Insider Buying and Selling at Interfor

In other Interfor 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, for a total transaction of C$51,304.05. Company insiders own 0.94% of the company’s stock.

About Interfor

(Get Free Report)

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.

Featured Articles