Royal Bank of Canada Trims Interfor (TSE:IFP) Target Price to C$28.00

Interfor (TSE:IFP) had its price target trimmed by Royal Bank of Canada from C$30.00 to C$28.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on IFP. TD Securities upgraded shares of Interfor from a hold rating to a buy rating and lowered their price objective for the company from C$27.00 to C$25.00 in a research report on Monday, February 12th. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the company a sector perform rating in a research report on Monday, January 22nd. BMO Capital Markets lowered their price objective on shares of Interfor from C$29.00 to C$27.00 in a research report on Wednesday. CIBC lowered their price objective on shares of Interfor from C$25.00 to C$24.00 in a research report on Thursday, April 11th. Finally, Raymond James lowered shares of Interfor from a strong-buy rating to an outperform rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$27.17.

Interfor Stock Performance

Shares of Interfor stock opened at C$17.83 on Friday. The firm has a fifty day moving average of C$19.96 and a two-hundred day moving average of C$20.53. The stock has a market capitalization of C$917.35 million, a price-to-earnings ratio of -3.44 and a beta of 2.61. Interfor has a 52 week low of C$16.78 and a 52 week high of C$26.31. The company has a debt-to-equity ratio of 54.21, a quick ratio of 1.15 and a current ratio of 2.00.

Interfor (TSE:IFP) last issued its earnings results on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing the consensus estimate of C($1.65) by C($1.64). The business had revenue of C$785.90 million for the quarter. Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%. As a group, equities research analysts predict that Interfor will post 2.8616667 EPS for the current year.

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.