Interfor (TSE:IFP) had its target price reduced by CIBC from C$20.00 to C$19.00 in a report issued on Tuesday, May 7th, BayStreet.CA reports.
IFP has been the subject of a number of other research reports. TD Securities lowered shares of Interfor from an action list buy rating to a buy rating and decreased their price objective for the stock from C$21.00 to C$20.00 in a research note on Monday, May 6th. Raymond James reaffirmed a strong-buy rating and issued a C$24.00 price objective on shares of Interfor in a research note on Friday, February 8th. Royal Bank of Canada decreased their target price on shares of Interfor from C$25.00 to C$20.00 in a research note on Tuesday, January 8th. Finally, BMO Capital Markets reissued an outperform rating and set a C$18.00 target price on shares of Interfor in a research note on Tuesday, March 12th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Interfor presently has an average rating of Buy and a consensus target price of C$19.40.
Interfor stock traded up C$0.03 during mid-day trading on Tuesday, hitting C$11.84. The company’s stock had a trading volume of 227,353 shares, compared to its average volume of 386,445. The company has a debt-to-equity ratio of 33.37, a quick ratio of 1.35 and a current ratio of 3.05. The firm has a market cap of $793.56 million and a price-to-earnings ratio of 12.94. Interfor has a twelve month low of C$11.62 and a twelve month high of C$27.27.
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.
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