CIBC Lowers Interfor (IFP) Price Target to C$20.00

Interfor (TSE:IFP) had its price target trimmed by CIBC from C$21.00 to C$20.00 in a research note issued to investors on Monday.

Several other brokerages have also commented on IFP. BMO Capital Markets decreased their price target on Interfor from C$24.00 to C$18.00 in a research note on Friday, October 19th. TD Securities decreased their price target on Interfor from C$27.00 to C$24.00 and set an average rating on the stock in a research note on Monday, November 12th. Royal Bank of Canada decreased their price target on Interfor from C$25.00 to C$20.00 in a research note on Tuesday, January 8th. Finally, Raymond James reaffirmed a strong-buy rating and issued a C$28.00 price target on shares of Interfor in a research note on Wednesday, December 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$23.33.

Shares of TSE:IFP opened at C$15.54 on Monday. The company has a current ratio of 3.31, a quick ratio of 2.10 and a debt-to-equity ratio of 26.28. Interfor has a 52-week low of C$13.26 and a 52-week high of C$27.27.

Interfor (TSE:IFP) last issued its earnings results on Thursday, November 8th. The company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$570.50 million during the quarter. Research analysts predict that Interfor will post 1.36549048391125 EPS for the current year.

In other news, insider Martin Leb Juravsky bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average price of C$14.79 per share, with a total value of C$103,530.00.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces wood products. The company offers commodity structural lumber products; and specialty products, such as decking and siding products, machine stress rated products, industrial timber products, and various appearance grade items. It also provides wood chips and other residuals.

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Analyst Recommendations for Interfor (TSE:IFP)

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